1162 Tropical Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Listed by Compass Florida LLC | $1,600,000 | |
| Listed by Compass Florida LLC | |||
| Nov 3, 2023 | Sold | ||
| Sold | |||
| Aug 4, 2023 | Listed by Compass Florida, LLC. | $1,289,000 | |
| Listed by Compass Florida, LLC. | |||
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Introducing an impeccable Key West Style Home, nestled in the highly coveted neighborhood of Mallory Creek at Abacoa. Meticulously cared for by its original owners, this residence showcases 4 bedrooms and 3 bathrooms in the main house, along with a Casita - (separate 5th bedroom/full bath guest suite or office). Indulge your culinary passions in the kitchen adorned with newly installed quartzite countertops, and top-of-the-line stainless steel appliances including a Thermador induction stovetop oven and dishwasher, both added in 2022. Enjoy modern living with cutting-edge features such as the new in 2022 pool/spa heater and pump, conveniently controllable from anywhere through the innovative Aqualink system. The spacious open floor plan sets the stage for unforgettable gatherings with loved ones, allowing for seamless entertainment and cherished moments. Additionally, the home is equipped with a tankless water heater installed in 2022 and a HVAC system updated in 2017.
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| Mar 29, 2023 | Listed by Compass Florida LLC | $1,289,000 | |
| Listed by Compass Florida LLC | |||
| Apr 9, 2009 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017