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1606 Montecito Avenue
About This Property
Peace of mind? You got it! All major systems have been recently replaced, including a brand-new roof in 2019, a modern AC unit and water heater installed in 2020. The kitchen sink features a dual filtration faucet for drinkable water and seamless gutters added in 2023.
This is where comfort and convenience converge, close to shopping and restaurants. Don't miss out! Call today!
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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 Deltona Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017