710 Powell Drive
About This Property
The seller has spared no expense in recent upgrades that have transformed this home into a true turn-key opportunity. The interior showcases all-new shaker-style soft-close cabinetry, quartz countertops, brand-new appliances, and luxury vinyl plank flooring throughout. All bathrooms have been fully updated- -with modern finishes, while updated electrical, fresh interior paint, and quality craftsmanship provide peace of mind for years to come.Major systems are already in place, including a roof (2021), HVAC (2019), and hot water heater (2017). Outside, enjoy a welcoming wrap-around porch, a reworked rear deck, new crushed concrete driveway and walkway, and a new perimeter fence, enhancing both curb appeal and functionality.
With its generous lot size, extensive upgrades, and central location, this property offers excellent flexibility, ideal as a primary residence, long-term rental, or low-maintenance investment. A rare opportunity to own a fully renovated home with space, style, and long-term value in Niceville.
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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