32 E Arch Drive
About This Property
Entire exterior of the house has been protected with replaced roof, all impact windows and storm rated garage door and entire exterior has been stuccoed, waterproofed and painted. Extra large back covered porch and spacious fenced back yard leads to a wide canal. Interior has a very nice split floor plan, formal dining area and family room connected to kitchen. Interior is very clean and in move in condition but could use updating.
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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 Florida Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017