116 MILLER Drive
About This Property
The property is located in a quiet, rural area with easy access to all the amenities of town. Just a short drive away, you'll find grocery stores, restaurants, schools, and a variety of other businesses. The property is also 6 mins to the boat ramp, 15 mins to the new 1st coast Expressway, 45 mins to the beach and 30 mins to the springs, making it the perfect place to relax and enjoy the outdoors.
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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