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943 SE 5th Street
About This Property
The mature landscaping throughout really makes this home feel like a tropical retreat. The interior has 4 bedrooms, one of which is being used a gym and two renovated bathrooms. The kitchen offers black SS appliances, quartz countertops and new backsplash. This home has 2 spacious living areas with one set up as a game room.
The house has all hurricane impact windows and doors throughout, a barrel tile roof that was replaced in 2004 and a large hurricane rated shed. 4 year old tankless water heater, 3 year old Carrier AC system, all new ducts replaced 10 years ago, newer electrical panel replaced 6 years ago, 12,000 watt generator that runs the AC, some appliances and lights.
The Cove is ideally located in East Deerfield Beach just a short bike or golf cart ride from the beach. Some of the best restaurants in the city and shopping are just a short drive away offering the perfect balance of tranquility and convenience. This home is a rare find in one of the area's most desirable locations. For information on the AirBnb income generated in the last 12 months give the listing agent a call. The sellers have thought of every minor detail when renovating this house and it's ready for it's new family or Airbnb investor!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Apr 20, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Decreased |
$849,900
↓ $49K
(5.5%) | |
| Price Decreased | |||
| Mar 11, 2025 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Feb 19, 2025 | Price Increased |
$950,000
↑ $100K
(11.8%) | |
| Price Increased | |||
Property Highlights
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About The Cove
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$9,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017