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1293 Rainbow Court
About This Property
The interior continues the refined coastal narrative with hand-glazed concrete walls and a remarkable 10-layer continuous poured epoxy floor in sapphire tones, evoking the layered hues of the ocean. The flexible layout includes two bedrooms plus a sun room that could function as a third sleeping area, a spacious primary suite with separate sitting area and dual closets, and a marble tile bath with hand-laid detailing. The kitchen features a restaurant-style stainless steel sink and console, custom concrete dining table, and solid wood cypress cabinetry, all conveying durability and design. Art glass doors and custom carved elements further elevate the aesthetic. Offered fully turnkey with furnishings included, this residence is primed for immediate enjoyment or income production in one of Naples' few waterfront communities without restrictive rental limitations.
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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%.
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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