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1585 Old Colonial Way
About This Property
Park your RV , Boat, Toys with no restrictions. The liivng space is 1400 plus
It has been meticulously maintained, and you will love the Design right out of HGTV!
Located in a hidden Gem of a neighborhood , with NO HOA fees. Check out the community dock on Horse Creek Drive , which flows out to the Indian River . Vaulted ceilings, ALL Tile flooring, updated kitchen,
Patio and Pool area updated with brick pavers. 2 Large bedrooms and 2 Full Baths.
The third bedroom is an office/workroom
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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