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742 ARMADILLO DRIVE
About This Property
Inside, you will find a functional layout ready for your vision, along with brand new luxury vinyl plank flooring in both bathrooms for a fresh, updated feel. Major improvements including a 2023 roof and a new electrical panel provide peace of mind and help reduce some of the larger expenses buyers often worry about after closing. Hurricane shutters and aluminum awnings provide additional storm protection while also helping reduce direct sun exposure, keeping the home cooler and adding practical energy saving benefits during Florida's warmer months.
The spacious screened enclosed patio creates the perfect place to enjoy Florida living year round while overlooking a lush tree lined backdrop that adds privacy and a peaceful natural setting. Whether relaxing with your morning coffee or entertaining friends and family, this outdoor space extends the living area beautifully.
The garage adds even more practical value with a utility sink, built in workbench area, and a transfer switch already installed for a future generator setup, a feature buyers increasingly appreciate for convenience and storm preparedness.
Conveniently located near I-4, shopping, dining, medical facilities, and everyday conveniences, this property offers an ideal balance of accessibility and quiet residential living. Whether you are a first time buyer, downsizing, investor, or someone searching for a sturdy home with room to add your own personal style, this property stands out as one of the best values currently available in the area.
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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