25 FAIRWAY WEST DR
About This Property
The rear patio, featuring a hot tub, provides a serene outdoor retreat with stunning golf course views. Located just a short drive from Delaware's beaches and with easy access to Rt. 113, this home is ideally situated for both leisure and convenience. Mulligan's Pointe amenities, including a bar and grill, pool, live entertainment, and golf course, are just moments away, making this the perfect home for enjoying both quiet days and vibrant evenings.
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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