11600 Ponywalk Trail
About This Property
Canyons Springs is a fantastic community offering a beautiful clubhouse, with a party room with kitchen, aerobics room, kids playroom, on-site manager and activities director, and a fitness center. The community also has an luxurious pool with cabanas, spa, kids water park and pool, outdoor party pavilion, two had-tru tennis courts, and an outdoor basketball court. The front of the community is man gated 24 hours per day. You cannot beat the location as you are a 5 minute drive to the Delray Market Place and the Canyon Town Center, and close to the turnpike. If schools are of importance in your search, then you will be glad to hear that residents of Canyon Springs have access to some of the best A-Rated schools in the county!
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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 Canyon Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017