20052 Castlemaine Avenue
About This Property
Located in the active adult community of the Cascades at Estero, this 55+ community recently completed an impressive clubhouse renovation and modernization. Rarely can you find a gated community with a full-time social director and an extensive amenity package with such low fees, including internet as of 2025. Amenities include pickleball courts, tennis courts, bocce courts, a billiards room, a card room, a craft space, a library, a large fitness center with a sauna, a satellite pool, a community spa, and a large resort-style pool with indoor/outdoor swimming.
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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