8383 118th STREET
About This Property
From the moment you enter this well appointed home you see an immaculate updated paradise to call your own, from light fixtures to neutral colors to the window treatments. This split bedroom plan has 2 bedrooms with an updated guest bath just off the living and dining area, and leads out to the pool. No wet swimsuits for you here. The living and dining area provide plenty of space for entertaining right off the kitchen and out to the screened in patio with vinyl windows that extend the interior space all year long. Your updated kitchen with new stainless appliances, cabinetry and solid surface counters compliment an eat in area adjacent to the laundry closet. Down the hallway you enter into your primary bed and bath oasis. This large bedroom is light and bright, spacious and has a lovely closet dressing area with custom built in organization. The primary bath boasts ample cabinet space with separate shower and commode area. Outside you will find the pool built in 2020 with travertine tile and full screened enclosure. There is plenty of space here for all your friends and family. Outside the pool area in this large lot is plenty of fresh green space all around the pool with tropical plantings. Need more storage than your 2 car garage? In the rear side yard are two generous sheds tucked out of sight to store your toys, bikes, mowers, etc. This Seminole home sits directly at the end of a quiet street; one mile from shopping at Seminole City Center, 1.7 miles to Millennium Park and 3 miles to the beach. Make this well loved home yours 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017