2835 FORESTLAND DRIVE
About This Property
Inside, the kitchen includes a fairly new refrigerator and dishwasher, both in excellent working order. The washer and dryer convey with the sale. Cooling is provided by an 18,000 BTU window units, while heating is built-in.
The property also offers thoughtful extras: an electric front gate, security lights on photo cells, and plenty of land for your lifestyle needs.
This is a unique opportunity to own acreage in Lakeland with low overhead, no HOA restrictions, and peace of mind knowing the major systems are in place and ready for years to come.
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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