15 Geiger Road
About This Property
There are just a few other lots in of the Florida Keys that come close to rivaling this property. However, none of them are as close to the town of Key West. It changes the dynamics of your vacation or permanent home when you have a 30 or more minute drive to enjoy all the bars, restaurants, nightlife, history and shopping that Key West has to offer. From 15 Geiger Road, it is quick and easy to grab your Cafe con Leche in the morning from Kim's Kuban, shop at Publix or stroll Duval Street in the afternoon and visit any of the amazing bars and restaurants at night. You also have the World- Famous Geiger Key Tiki Hut Bar & Restaurant steps away!
There is more sea-life in this spot than other Lower Key locations because it has more coral formations, deeper channels and is on the open ocean with protective mangroves. The water around this Key is bluer than most and rivals some of the best locations in the Caribbean. Enjoy swimming in the crystal-clear water that is continually fed by fresh tides. The shoreline is surrounded by dolphins, manatees, sea turtles, stingrays, snapper, hogfish, tropical fish, conchs, crabs, lobsters and more. Catch dinner right from the seawall and experience great snorkeling without going to an offshore reef.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017