1031 Tropical Drive
About This Property
One Level Montego Model Offers A Spacious Open Floor Plan!
Perfect Kitchen With Island And Dining Area! Large Sunny Great Room Is The Perfect Gathering Area! The Primary Bedroom Suite Offers A Hugh Walk In Closet With Custom Built Ins, Double Vanities, Soaking Tub And A Large Shower! Each Bedroom Has A Private Bathroom, There Is Also A Powder Room For Guest Or Cabana Use.
Laundry Room Has Has A Utility Sink Plus Cabinets With Tons Of Storage! Long Driveway With Porte-Cochere Plus A Two Car Garage That Has Been Out Fitted With A Wall Of Storage Cabinets, Garage Floor Has Been Epoxy Coated. SEE MORE Some Of The Many Features Include, Impact Hurricane Rated Windows And Doors, 10.5 Ceilings, Crown Molding, Screened Porch And A Large Private Backyard! Recent Upgrades Include, Interior Has Been Painted, New Flooring In Guest bedrooms, New 2023 A/C, New Garbage Disposal, Everything Outside Has Been Pressure Washed! Home Is Ready For You To Move In!
Mallory Creek Has Two Pools, Fitness Center, Clubhouse With A Social Room, Kitchen And An All Purpose Room!
Mallory Creek Is Close To Top Rated Schools, Shopping, Beautiful Beaches, Golf, Fine Dining And The Cardinals Spring Training Stadium!
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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