311 L'Atrium Circle
About This Property
This home has Hurricane Shutters, a two car Garage with Pull-Down Stairs for added Storage and the driveway that has been recently resurfaced. The house has gutters,The HVAC system is well maintained with regular servicing and in great condition. The L'Atrium HOA includes Lawn & Irrigation Maintenance, and Pest Control (excluding termite for which owner has a bond). The SOA includes use of Sandestin amenities, trash pick-up and basic cable. Insurance Quoted at $1886 per year and taxes were $714 for 2013.
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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