807 JACARANDA DRIVE
About This Property
Inside, you'll find a functional split floor plan with the kitchen and living room right where they should be, in the heart of the home. It's the kind of layout that just makes sense for everyday living, entertaining, or pretending you cook more than you actually do. The screened porch out back offers a solid space to relax, unwind, or enjoy Florida evenings without becoming a mosquito buffet.
Now let's talk honestly. This home could use a little glow-up. Think cosmetic updates, not a full-blown rescue mission. If you've been waiting for a chance to build some sweat equity and add your personal touch, this is it. The bones are there, and the upside is real.
The yard is partially fenced, with some sections needing repair, and the roof, installed in 2002, is ready for your attention as well. It's a great opportunity to roll improvements into your vision and truly make the home your own from top to bottom.
Important updates you'll appreciate: the AC was replaced in August 2022, so that's one big-ticket item already handled. The property sits in a non-flood zone and stayed high and dry through both Hurricane Helene and Hurricane Milton, which says a lot. Located in a deed-restricted community with a low HOA of just $35 a month, you get a little structure without feeling over-managed.
Bottom line, this is a solid starter home with good fundamentals, in a desirable area, priced with its potential in mind. If you've got vision and a little ambition, this one could turn into something really special. Come see it today!
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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