809 VALPARAISO Boulevard
About This Property
new toilet and faucet. New ceiling fans in all bedrooms, new storm door and beautiful front door, and popcorn ceiling was removed from most of the home and garage. Sliding glass doors lead to the huge backyard with shed and new 10x20 workshop/storage building. Sidewalks invite you to stroll to Lion's park, where there's a boat launch. Less than a block from the water yet NO flood insurance is required! The Spanish moss draped tree in the front yard welcomes you to this wonderful home tucked away in the quiet neighborhood of Magnolia Shores, with NO Homeowner's fees. Plenty of room for the family to spread out, you're going to love living here. Make an appointment today, and see the place where you'll want to spend all your tomorrow's.
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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