2351 Salem DRIVE
About This Property
"Traditional 3-bedroom, 2-bathroom(no tub), 2-car garage brick home located on Lake Louise in a peaceful community with ample open spaces. The house features marble flooring, a washer and dryer included, a fireplace, a vaulted ceiling, Gutter guards, and a breakfast nook with a panoramic view overlooking the entire lake. It also consists of a reverse osmosis water system, an alarm system, ceiling fans in all rooms, and recessed lighting in central areas. A storage shed is at the back of the house, and a large carport for RVs or boats(new cover in the shed). It has a new AC system and water heater; the roof was replaced in 2017. There are no homeowners association (HOA) fees. Call to schedule an appointment today.
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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%.
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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 Deltona Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017