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34 LAKE COURT LOOP
About This Property
The big ticket items are handled too: new A/C, new water heater, new electrical panel, and a 2017 roof. That's the checklist your lender and insurance company actually ask about, and it means no surprise projects in year one.
Outside you get a fully fenced backyard with plenty of room for pets, gardens, or weekend cookouts on the paver patio, plus a shed and a screened front porch. Greenway Elementary is three minutes away, Publix, Walmart, and Aldi are about 1.5 miles out, and the Cross Florida Greenway trails are minutes from your front door.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017