13564 Mandarin Circle
About This Property
Plus, hurricane impact sliders and windows are just some of the special features at this home. Interior updating include new stovetop range, dishwasher, & 55 gallon water heater (2023), under kitchen cabinet LED lighting (2024) & seamless shower in primary bath being added May 2024. Also, recently added to the outside of the home is a French drainage system, AstroTurf with pop up sprinklers & pet odorizer, & outdoor refrigerator (2024). Plus, garage epoxy flooring & exterior painting (2023). Located behind the gates of Marbella Isles where you will find a resort pool, kiddy pool with slides, clubhouse with full kitchen, exercise, game & media rooms, 1/2 court basketball & volleyball court with bocce, pickleball & tennis. Marbella Isles is a resort style newer community with Low Fees centrally located in Naples just 3.5 miles to local beaches, 10 minutes to Mercato, 15 minutes to Downtown Naples & 25 minutes to SWFL International Airport.
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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