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1501 Bridgeport Circle
About This Property
One of Rockledge's most desired communities. Large front and back porch, great view of the lake from back porch. Open floor plan, Large master bedroom and bath. Huge master walk in closet. Separate Dinning room and front living room. 2nd bath also has outside entrance. PHILLIPS LANDING offers perfect location to schools, shopping, area transit along with a great community pool. Move in Ready. New paint, Carpet and base boards.
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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 Phillips Landing
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$2,949 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017