226 Normandy Dr
About This Property
The ultimate indoor-outdoor lifestyle w/covered waterfront balconies on both levels, an outdoor kitchen, fish-cleaning station, w/lush tropical professional landscaping enhanced by elegant exterior lighting. Additional features include aluminum stairways, covered parking, a paved driveway, irrigation system, climate-controlled storage, and a 10,000-watt generator with GenerLink connection, see pictures! Located near the renowned Islamorada Sandbar, world-class fishing, diving, waterfront dining, Mariner's Hospital 1.5 miles, CVS, New Publix, Banks, Gym, Ace Hardware & More. OK to Lease for 28 day Minimum. Anchor In Paradise!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017