1624 SW Gregor Way Way
About This Property
Gregor Woods is one of Martin County's best kept secrets with HOA fees of $365 due only twice per year to cover the maintenance of the swales and lakes. You're only a stone's throw away from Phipps Park, where you can access the public boat launch. Homes do not come on the market every often in Gregor Woods, because people that buy in there usually stay long-term. Don't miss out on this opportunity. Call and schedule your showing 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 Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017