2023 CHEROKEE Drive
About This Property
community. 3/2 home with spacious separate Living Room and Dining Room. Kitchen and Family Room share a double -sided brick fireplace. Large Master Bedroom with separate shower, garden tub and lots of closet space. Wrap around screen porch for outdoor entertaining. Oversized side-entry double garage. Home has been well cared for by original owners who are selling ''as is'' and have priced the home to allow new buyers to turn this property into their Neptune Beach dream home! Lockbox on front door.
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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