3001 Mercer Way
About This Property
Updated kitchen and baths. Home is completely equipped with rustic vinyl wood flooring throughout (no carpet anywhere). All new interior paint..Metal Roof installed in 2006, Large lanai off the mater bedroom, with a water feature coy Pond. The backyard completely fenced and has a gate to access and All your toys...boats, RV's ATV'... underneath a huge brand new open Pole Barn. Owner recently installed a new water treatment system w/ submersible aerator well pump.
Home is Located on great corner lot. On the North side of scenic SR 78 in between Alva and Labelle. Easy access to the Caloosahatchee River from the community boat ramp..
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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