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1655 Boca Rio Drive
About This Property
this house boasts spacious living and dining room. Large center isle kitchen with updated refrigerator and washer, dryer. Tile floors in kitchen and baths Also large family room overlooks screened in lanai with privacy in backyard. Roof only 3 years young, brand new hot water heater, white plantation shutters, and in-place hurricane shutters.
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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 Grand Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017