8525 White Rose DRIVE
About This Property
- **Spacious Layout:** The home boasts a generous floor plan with ample living space, perfect for families and entertaining guests.
- **Short Sale Opportunity:** This home is a short sale and is subject to the bank's approval, presenting a unique chance to purchase at a potentially lower price.
**Renovation and Financing Options:**
This property may qualify for several special financing programs, making it easier to fund necessary repairs and improvements:
- **Florida's Hometown Heroes Program:** Potential eligibility for down payment and closing cost assistance.
- **FHA 203(k) Loan:** A government-backed loan program allowing buyers to finance both the purchase and renovation costs.
- **Conventional HomeStyle Mortgage:** A flexible option for financing renovations, enabling you to customize the home to your liking.
**Required Improvements:**
The home is in need of some essential repairs and upgrades, including:
- **New Septic System:** Replacement of the existing septic system to ensure proper functionality.
- **New A/C System:** Installation of a new air conditioning unit to enhance comfort and energy efficiency.
- **Cosmetic Enhancements:** Opportunity to personalize to match your style and make it your dream home!
**Prime Location:**
Nestled in a quiet and neighborhood, this property offers easy access to local amenities, schools, parks, and major highways, ensuring convenience and a high quality of life.
Don't miss out on this rare opportunity to create your perfect home!
*Note: All offers are subject to bank approval. Financing programs mentioned are subject to eligibility and qualification requirements. * THIRD PARTY PROCESSOR REQUIRED. SEE ATTACHED DISCLOSURES THAT MUST BE SIGNED AND PRESENTED WITH ALL OFFERS. ***Multiple offers. Please submit your best and final by 5 PM on 7/18/24
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Cap Rate Calculator
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