8587 SW 18th Avenue
About This Property
Wrapped with Hardiplank siding in Tropical Farms Estates. Renovated with new kitchen, bathrooms, every corner says "you've been waiting for this new door." The quiet 3-bedroom, 3-bath home (1,586 sq ft) sits on a spacious ¾-acre (.79 acres). Brand-new feeling meets the deep roots of Tropical Estates. Step inside to a bright, open-plan layout perfect for laughter-filled parties. The re-imagined kitchen flows seamlessly into open family spaces. Out back, blue water calls-enjoy poolside dreams in your private, quiet oasis with huge yard to accommodate a boat, camper, or future adventures. Detached 2-car garage & a 2021 roof complete the picture. Smell the cookout, hear the music. Create memorable stories at 8587 18th Avenue, near Phipps Park where you can launch your boat at the Locks. Enjoy easy access to Stuart's water ways lifestyle. Bring the boat, the camper, workshop, toys-anything goes!
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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