1431 DOUGLAS DRIVE
About This Property
Living here means your weekends belong to you, not the commute. You're just minutes from everything that makes Clearwater great. Need to clear your head? A quick bike ride takes you straight to the winding trails and open green spaces of Eagle Lake Park. Planning a cookout? Publix is right around the corner for easy last minute trips. Plus, the convenience of Clearwater Mall means you never have to go far for retail therapy or a dinner out. This neighborhood gives you the rare blend of quiet residential streets and instant access to the city's best spots. It's an inviting, established place where you can plant your feet and start building the lifestyle you deserve.
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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