1305 Arapaho Street
About This Property
for owner occupant, first time buyer, seasonal resident, rental income property. Unit needs some TLC, most buyers would want to update the kitchen
community pool and clubhouse,
dry dock area for trailered boats (quarterly fee)Boats slips when available. Pets are ok but no more than 2 with a combined weight of 40 pounds Fantastic location, 10 minutes to beach, 5 minutes to I-95 and Turnpike. Close to a multitude of Jupiters best restaurants and parks.
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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 Sims Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017