3374 Baltic Drive
About This Property
GL's Riverstone Community has it all! Convenient North Naples LOCATION close to beaches, Mercato, shopping, and fine dining. No CDD! GUARD GATED community of 300 acres with OUTDOOR features of natural preserves w/ bike and jog paths, 12 lakes, resort sized pool w/ cabanas and a tiki bar, lap pool, spa/hot tub, kids' splashpad/waterpark and play area, 5 Har-Tru lighted tennis courts, and basketball/pickleball courts.
INDOOR amenities include a 13,000 sf clubhouse home to a dance/yoga studio, indoor basketball/pickleball court, fitness center, billiards/game room, community room w/ kitchen. LIFESTYLE DIRECTOR who organizes community activities for enjoyment of residents and to allow friendships to flourish when attending Yoga, Zumba, Farmer's Mkt, Trivia Night, Food Truck Night to name a few!
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017