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2906 Mondavi Drive
About This Property
West Viera is the place to be with great shopping & restaurants nearby along with sidewalks & paths connecting the communities. A beautiful magnolia and palm trees greet you as you come home to 2906 Mondavi Dr. Stepping into the home, you have vinyl flooring and high ceilings through the main living area. LOVE the updated kitchen with 42 inch cabinets, quartz counters and the butcher block topped island. Keep a good bottle of wine on-hand in the wine cooler and bar area. The owner's suite is generous in size that includes office space. Relax outside on the extended screen patio or set up a fire pit on the paver-patio and enjoy your waterviews.
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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.
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About Sonoma at Viera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017