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1698 Palm Ridge Road
About This Property
Roof 2022. Bathrooms completely updated in 2022. Screen porch and front entrance porch new 2022. Cathedral Ceilings. 2 sets of French Door. Accordion Hurricane Shutters on all windows & doors.
Exterior painted 2020. Luxurious Vinyl Plank flooring through out. Natural gas for dryer, stove and hot water heater.
Eat - In Kitchen with double panty, Master bath with tiled walk in shower, glass enclosure and double sinks. Jack & Jill 2nd bath. Fenced yard with 1 gate. Sprinkler on well. Mango, Avocado & Papaya trees.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017