29445 TURNBERRY DRIVE
About This Property
HOA dues cover maintenance of common areas and roads and also support community-sponsored events. Fairway Villas offers a wide range of amenities, including an in-ground outdoor saltwater pool, pickleball and bocce ball courts, and the Cripple Creek Golf Course. The golf course and clubhouse also serve as a versatile venue for business meetings, small gatherings, and large receptions or weddings. Living in Fairway Villas means enjoying an active lifestyle close to both the beach and the bay, making this community a highly desirable place to call home.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017