234 Blue Gill Loop
About This Property
Lake Juniper is a state-managed lake, so you'll always have a well-kept environment, and it's famous for record bass and bream fishing-anglers, rejoice! Thinking about turning this beauty into an Airbnb? It's the perfect getaway spot that may have guests booking faster than you can say "lakeside retreat." KEEP IN MIND, this home will need some work to get it into tip-top shape, but the rewards could be well worth it. Don't miss out on this exceptional property, shown by appointment only. Your dream waterfront home (and potential vacation rental goldmine) awaits!
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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