3003 Ellice Way
About This Property
Live the resort lifestyle in award winning community of Island Walk where you will find tennis courts, pickle ball courts, fitness center, resort and lap pools, restaurant, hair and nail salons, bank, gas station, car wash, library, putting green, miles of scenic walkways. Great community in great location and in close proximity to all that Naples has to offer.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | Listed by John R Wood Properties | $800,000 | |
| Listed by John R Wood Properties | |||
| May 7, 2024 | No longer available | - | |
| No longer available | |||
| May 6, 2024 | Price Decreased |
$825,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Mar 29, 2024 | Relisted | $845,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017