35
Map
159 Balfour Drive
About This Property
Sparkling sunlit pool and expanded lanai area, offers sun, shade, lounge and grill areas. Just a short walk to Mackle Park, fabulous Marco YMCA facilities, City pickleball courts, and approximately 1 mile to our world-renowned Resident's Beach. This property is a winner for you if you're looking for a home in a wonderful neighborhood, in superb condition and a comfortable size, correctly priced. Ready for you to move in!
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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 Marco Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017