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710 Pompano Ter
About This Property
The lot is located in Flood Zone X, indicating minimal flood risk as it sits outside both the 100-year and 500-year floodplains. This classification allows for construction with standard foundations, without mandatory elevation requirements or the typical need for federal flood insurance, which helps simplify permitting and reduce overall development costs. Additionally, there are no wetlands nearby, meaning no regulatory restrictions from agencies like the U.S. Army Corps of Engineers, no required environmental buffers, mitigation, or permits, and full utilization of the lot is possible without setbacks.
Buyers are strongly encouraged to contact Punta Gorda Community Development to obtain an official Zoning Verification Letter. The property is available for self-guided tours. This lot is not available for rent or lease. Subleasing is not permitted.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2025 | Listed by Sunland Real Estate, LLC. | $27,000 | |
| Listed by Sunland Real Estate, LLC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017