3350 Ribbon Grass Drive
About This Property
Come see the gorgeous tile throughout the main living areas. A laundry tub / utility sink is conveniently located in the garage. Enjoy the pools and rec as an Addison Club member! A-rated schools, shopping & restaurants near Large FOUR CAR driveway! Hurricane-rated front windows and hurricane shutters for all others. 15 minutes to the beach, 45 minutes to Orlando airport, and centrally located in Brevard County. Enjoy the perks of a master-planned community: pedestrian trails, parks, and more!
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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