265 Outer Drive
About This Property
AC replaced in 2015. There is a carport and small workshop too. Community offers boating on the lake, Clubhouse with full kitchen, billiard room, fitness center, swimming pool and hot tub. Also tennis courts and shuffle board court. Relax, this is Florida Living at its best so come join the fun. Just off I-95 for easy access to Orlando, Daytona Beach or Miami and the Keys. Pets are allowed so bring them along as well. Winter 2nd home of year round, this is the place for you.
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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