731 NW 7th Drive
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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%.
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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 |
|---|---|---|---|
| Mar 5, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | Listed by The Keyes Company | $1,185,000 | |
| Listed by The Keyes Company | |||
| | |||
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Welcome to 731 NW 7th Dr in Tunison Palms! This sun-soaked home features 4 beds / 2 baths / 2 CG / & Saltwater pool. Professionally designed w/ a tropical contemporary feel. New Metal Roof (60k). Interior features an open concept layout while preserving dining & living spaces. Masterful kitchen complete w/ white & gray cabinetry, 4 inch quartz countertops & SS appliances. Bonus entertainment wall features an electric simulated fireplace & solid pine mantle. Full impact windows & doors! Laminate waterproof flooring throughout. Built-in Bluetooth sound system! Master-suite boasts frosted glass barn doors, large bathroom w/ dual sinks. Guest bath meticulously designed using subway tiles & artsy pieces. Luxurious ''Hawaiian Blue'' pool area is ready for memories. It features screened & covere d patio area, sealed pavers deck, high hats, bar, & tiled outdoor shower w/ HOT & COLD water! Excellent layout for many reasons. The 4th bedroom is on the other end of the house. Also, all three impact sliders open up completely & have pool patio access! Enormous laundry room complete w/ porcelain flooring, cabinetry, quartz countertops, stainless steel sink, Samsung washer & dryer, tankless water heater. Newer AC (2022) w/ blue UV light installed. Really nice Chicago brick pavers driveway with a small courtyard entry. Exterior landscaping is breathtaking w/ lush grass, mature coconut palms, bamboo, clusias, & more. Excellent location near Mizner Park, Brightline, Beaches, & Downtown. Listing subject errors & omissions. Room Measurements approx. Very desirable neighborhood adjacent to Historic Old Floresta & zoned ADDISON MIZNER ELEMENTRY. Too much to list - this is a must see...
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| Dec 22, 2023 | No longer available | - | |
| No longer available | |||
| Dec 9, 2023 | Price Increased |
$1,195,000
↑ $6K
(0.5%) | |
| Price Increased | |||
| Nov 29, 2023 | Price Decreased |
$1,189,000
↓ $11K
(0.9%) | |
| Price Decreased | |||
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About Tunison Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017