13885 Posada STREET
About This Property
If you are not familiar with Islandwalk, it is a resort-style maintenance-free community where your lawn, shrubs, and mulching are taken care of by the association. Islandwalk's community amenities are 5 star and include 2 heated resort pools, a separate heated lap pool for exercise, 2 hot tubs, 2 fitness centers, pickleball, tennis, bocce, fire pits, dog park, community garden, walking and biking paths, clubhouse, a 24 hour staffed security gatehouse, and a full-time activities director. The monthly newsletter is full of social events to attend, move in, and let the fun begin!
Don't forget your sunglasses because the beach is only 9 miles away. Looking for an afternoon of shopping or dining, hop on your bike and head to the new Wellen Park Downtown complete with an 80-acre lake with recreational activities for all.
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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 North Port
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017