22082 Colony Drive
About This Property
IN THE PAST 5 YEARS, THIS HOME HAS UNDERGONE SOME MAJOR IMPROVEMENTS AND UPDATES, INCLUDING; ALL IMPACT WINDOWS, SLIDING GLASS DOOR & ALL EXTERIOR DOORS, 4 TON RHEEM A/C, SCREENED PATIO INSTALLED, IMPACT GARAGE DOOR & DOOR OPENER, EPOXY PAINT FINISH ON GARAGE FLOOR, PORCELAIN TILE T/O (original ceramic in baths), WINDOW TREATMENTS, WASHER & DRYER, DISHWASHER AND RANGE, PAVERS AT FRONT ENTRY WALKWAY...AND MORE! 55+ COMMUNITY W/LOW HOA FEES THAT INCLUDE LAWN CARE, TRIMMING OF TREES & SHRUBS, MAINT OF SPRINKLERS, EXTERIOR PAINTING OF HOME, CLEANING OF ROOF, CTV AND HEATED POOL. PETS WELCOME.
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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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About Boca Del Mar
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$8,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017