1637 Palmland Drive
About This Property
Open kitchen with new cabinets and granite countertops. SS appliances and great Pantry. Crown molding and lots of recessed lighting. All new fans throughout. New water resistant laminate flooring. Baths are both updated with new shower doors and granite. Great Florida room and patio in back. Community has two heated pools and clubhouse. Pet allowed 20 lbs or less. 55 Plus community.
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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 Hunters Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017