1240 Mingo Drive
About This Property
Nestled off Rock Road in North Naples, this residence is surrounded by well-cared-for larger acreage lots on a quiet street, offering both privacy and tranquility. The grounds are adorned with abundant fruit trees with Irrigation-including avocado, star fruit, citrus, and banana-plus vibrant sunflowers along the tall tree line. With no HOA fees, this property is perfect for those seeking country living or a second home retreat, all while being just minutes from Publix and the conveniences of Immokalee Road. One of the best-priced homes in Golden Gate Estates, it combines rustic charm with modern updates for a truly unique lifestyle.
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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