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243 SADDLE LANE
About This Property
River Ranch RV Resort features beautifully maintained grounds and an active resort lifestyle with amenities including a swimming pool, tennis and pickleball courts, clubhouse, billiards room, poker room, and year-round social activities. The HOA fee of $942 each quarter includes water, sewer, cable TV/Streaming, high-speed internet, lawn care, trash service, and 24-hour gated security. Owners also enjoy access to the adjacent Westgate River Ranch Resort, featuring a live rodeo every Saturday night, live entertainment, horseback riding, airboat rides, mini golf, trap and skeet shooting, restaurants, saloon, coffee shop, ice cream parlor, and additional family-friendly attractions. Lease-friendly, pet-friendly, and with no RV age restrictions, this property offers the ultimate Florida RV lifestyle in a sought-after resort community.
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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