11384 SW 58th CIRCLE
About This Property
appliances, wood laminate and tile flooring, gas fire place, inside laundry room, both bathrooms have dual vanities, master bedroom
with his and her walk in closets, master bath with a garden tub and tile was redone around the bathtub and in the shower this past
year. The outside features a big screened in lanai and a irrigation system and septic was recently pumped and AC serviced annually. Seller will provide $7,500 towards closing costs and prepaids.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017