9040 SE 88TH STREET
About This Property
Welcome to 9040 SE 88th Street, Ocala, FL 34472. This 3-bedroom, 2-bath home is fully remodeled on the interior and move-in ready. Comes fully furnished-perfect for a primary home, second home, or investment. Pictures don't do it justice-must see in person.
Features include new vinyl flooring throughout, freshly carpeted bedrooms, and an updated kitchen with new countertops, stainless steel appliances, upgraded cabinets, bar-top seating, and pantry.
Interior has been freshly painted with new light fixtures throughout. The primary bathroom offers a tiled walk-in shower and new vanity. Guest bathroom includes a new vanity and updated tub with tile.
Major upgrades include a newer AC unit and 9 replaced windows (FL5167 / FL14787).
Seller offering some concessions towards closing costs with the possibility of roof replacement.
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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