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261 Naylor Drive
About This Property
quiet country setting that backs up to a large lake and farm, yet minutes to the Beaches and Melbourne Mall!
This home features a new roof Oct. 2017, new kitchen with granite counters and stainless appliances 2021,
split bedroom plan and fully titled floors, front living room, family room and back great room with fireplace that leads to huge back screened porch with views of the lake and farm, see cows and sheep pass by. New
hurricane windows and hurricane panels, this really is a great home for the money, tenant occupied till 12/31/22.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017