20631 River Drive
About This Property
Perfect for boating enthusiasts, this home is located in the desirable Mariners Cove community on the
Estero River, offering residents direct Gulf access. Enjoy the best of Southwest Florida living in the vibrant
and growing Estero area, just minutes from exceptional shopping, championship golf courses, restaurants,
and Southwest Florida International Airport.
Mariners Cove features an active lifestyle with outstanding amenities, including a large screened
community pool, shuffleboard courts, a fishing pier, boat docks, and a community boat ramp.
This well-maintained home offers 2 bedrooms, 2 bathrooms, a nicely appointed kitchen, and an open dining
and family room/great room layout that is perfect for everyday living or entertaining.
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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