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1906 Elderberry Court NE
About This Property
This home has an open floor plan and vaulted ceilings with easy to maintain tile floors in living area and high quality laminate in both bedrooms. Kitchen features Maple cabinets, granite counter tops and a breakfast bar.
Both bathrooms have been remodeled with a frame-less shower door in the master bath. The closets in the bedrooms have closet systems with drawers and bars for hangers. The sliding glass doors open out onto a back patio overlooking luscious greenery.
Community has heated pool and clubhouse. The LOW HOA -$250/quarter also includes lawn service! This perfect location is close to shops and restaurants. Minutes away from Harris and Turkey Creek trails. Beach @10 min and River 5 min down the street.
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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 Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017