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14231 Immokalee Road
About This Property
The 3BD/2BA main home was renovated in 2017 and has been well kept since. The kitchen has granite counters, an island, stainless steel appliances, and updated lighting, with porcelain tile throughout the house. The primary suite has two walk-in closets, double sinks, and a separate tub and shower.
Out back, the pool sits under a 2017 screen enclosure and looks out over the pond. The 648 sq. ft. guest house (2BD/1BA) was also renovated in 2017 and has the same water view. It works for visiting family or as a rental.
You get the space and quiet of the Estates, with Publix, shopping, dining, and schools close by.
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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