10
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240 Nottingham Drive
About This Property
Located in one of North Naples' most sought-after neighborhoods, Victoria Park is known for its charming tree-lined streets, low HOA fees, and lake access. Residents enjoy being just minutes from Mercato, Waterside Shops, Vanderbilt Beach, Delnor-Wiggins Pass State Park, top-rated dining, shopping, entertainment, and A-rated schools including Pelican Marsh Elementary, North Naples Middle, and Barron Collier High School. This exceptional location offers the perfect blend of convenience, community, and the Naples lifestyle.
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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 North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017