20710 Sandy Lane
About This Property
The extra-large property is mostly fenced (3 sides) and there is room for RV parking, boat trailer parking, or new additions such as: a large garage, a pool, gardens, fruit trees, solar, or all of the above. A new well was installed in 2019, a new lift station and drainfield in __2021_____, and a new air conditioning unit in 2022.
This property is a stone's throw from the Bonita Estero Rails to Trails coming soon to Estero. Also close by: Coconut Point, Miromar Outlets, Hertz Arena, other excellent shopping, hospitals, parks, airports, Florida Gulf Coast University, Koreshan State Park (and their Estero River Boat Ramp), delicious restaurants and outstanding schools.
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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