9276 111th STREET
About This Property
Petersburg College Seminole campus, Seminole Library, rec center as well as the Gulf Beaches. Step inside and fall in love with this
light and bright gem, it features two living areas, an open living design and the master bedroom is nice sized and features its own
private bathroom. Updates to this home include the all-new gourmet kitchen featuring stainless steel appliances and granite counter
tops, vinyl flooring throughout and new ceiling fans and lighting. The interior and exterior paint is in top shape and the roof and A/C
were installed in 2018! Step out back and see where this home really shines, there is a pool sized back yard with a shed for all your
yard storage needs. The lawn is on a sprinkler system and there is a well and pump. Out front is the 1 car garage which is 28 feet
deep for all you large truck and SUV owners. This is an extremely nice home, it is in move in condition and will not last long, hurry do
not miss it! NO FLOOD ZONE, NO EVACUATION ZONE (Key word Bay RIDGE Estates)
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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%.
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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