9838 Gulfstream BOULEVARD
About This Property
One of the standout features of this property is the recent addition of a brand-new roof, ensuring both aesthetic appeal and structural integrity. Furthermore, the upcoming installation of a new electrical box promises enhanced safety and efficiency for the future homeowner.
While this home is being sold in its current condition, it presents an excellent opportunity for buyers to infuse their personal touch and transform it into their dream haven. Some areas that would need attention include drywall repair, insulation, flooring, soffits, and the screen cage. By addressing these aspects, the potential for creating a truly exceptional living space is within reach.
Situated in a highly sought-after location, this property offers the best of both worlds-proximity to the beach and the convenience of nearby amenities. Whether you enjoy the sand and surf or prefer exploring local attractions, this residence provides the ideal launching pad for a vibrant coastal lifestyle.
Offered "as is," this property presents an exceptional opportunity for those with a vision to turn it into a personalized oasis. Don't miss out on the chance to make this house your home and take advantage of the fantastic location it offers. Unlock the potential of this single-family gem.
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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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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017