701 SE 49TH AVENUE
About This Property
The home was fully remodeled in 2016 with extensive upgrades including a custom-designed kitchen with solid oak cabinetry, granite countertops, and a large center island. Both bathrooms were upgraded with custom cabinetry, modern fixtures, and high-end finishes, including a walk-in shower with imported tile and rain shower head in the primary suite.
The renovation also included a hand-scraped Acacia hardwood flooring, new moulding and baseboards, as well as some more recent electrical upgrades. Additional improvements included new sliding glass doors in the primary bedroom, seamless gutters as well as newer windows. Located in a well-established and sought-after area of Ocala, this home offers a unique blend of privacy, mature landscaping, and everyday convenience. Known for its quiet streets, larger lots, and strong sense of community, this neighborhood stands out from newer developments. Just minutes from shopping, dining, and parks, near the historic district and close to natural attractions like Silver Springs State Park, hot springs, and Santos trails. The location also benefits from Ocala's reputation as the "Horse Capital of the World," offering a lifestyle centered around nature, space, and outdoor living. NO HOA or CDD.
With strong bones, past upgrades, and an unbeatable outdoor setup, this home offers a rare opportunity to create something special. Priced to sell - don't miss your chance to unlock its full potential! The home needs some TLC - the roof is 18 years old.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017