850 SE 1st Avenue
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2022 | Sold | ||
| Sold | |||
| Aug 26, 2022 | Listed by Premier Investments Realty | $649,900 | |
| Listed by Premier Investments Realty | |||
| | |||
|
Amazing ready to move in 3 bed 3 bath home sitting in a large corner lot, in sought after Norwood neighborhood located minutes from the hot and hip redeveloped beach in Pompano, with many new water front restaurants, shops and nightlife. NO HOA!!! Upgrades include brand new roof and water heater, impact windows, European style kitchen with calacatta countertops and backsplash, brand new SS appliances, modern bathrooms and much much more. Fully fenced in large backyard with room for pool and plenty of entertainment, circular driveway and bright open layout complete this amazing home. Perfect for a family, or highly desirable for income vacation rental, Airbnb. Appraisal attached.
| |||
| Aug 24, 2022 | No longer available | - | |
| No longer available | |||
| Jul 20, 2022 | Price Decreased |
$679,900
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Jul 8, 2022 | Listed by Premier Investments Realty | $699,900 | |
| Listed by Premier Investments Realty | |||
Property Highlights
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About Norwood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017