2197 SW Mainsail Terrace
About This Property
Locks Landing is a Gated Marina Community located on the Okeechobee waterway! This is a pristine gated community close to all major roadways , shopping , dining and A rated Schools. Private back yard with preserve view and Room for a Pool. Lush Landscaping! Open concept living allows plenty of room for entertaining! Beautiful granite in kitchen and 42" cabinets means Storage! Extended length 2 car garage, pantry, laundry room with additional storage, screened patio, storm shutters, paver driveway and patio are just a few of the features this well maintained home has to offer.
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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