1616 SE Colony Way
About This Property
Salt pool with iAquaLink Application and Auto Fill. The fully fenced pool area is a tropical oasis on 1.21 acres. Water System is 3 years old. New tankless water heater, Whole house generator. 250 gallon propane tank. High-end appliances with a 6 burner Gas stove, electric oven. This community has underground utilities. AC units are 2 months old and 5 years old. The garage is oversized at 650 square feet with a hurricane impact door. The community is special, offering 5 different life styles behind the gates of Ranch Colony. Two golf communities, a fly in airpark community, and two Ranching communities. It feels like you are in the country but just minutes from everything! Call now for your private showing! Owner is disclosing that pool heater may not be operable. Being sold AS IS.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017