3008 SE Racoon Way
About This Property
w/subway tile & glass shower enclosure. Spacious enclosed lanai w/ entry from main living area & the master bedroom. Garage features epoxy finished flooring and plenty of storage. This oversized lot has plenty of room for a pool or if you prefer low maintenance Summerfield has a terrific pool, Har-Tru tennis courts, & fitness center. Champions Golf Club is a cart ride away. Master Bedroom w/sitting area & French doors to the Preserve. Nicely Renovated ensuite bath w/dual marble-topped vanities, ceramic tile floor & walk-in subway tiled, glass shower enclosure. Most doors and windows are impact glass the rest have accordian shutters, epoxy finished garage floor, newer AC and screen enclosure.
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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 Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017