357 Willow LANE
About This Property
Highland Shores is a hidden gem along the shores of the Manatee River; residents enjoy proximity to local amenities, dining, and so much more. Only a few minutes off of I-75, your commute has never been easier. Enjoy the weekend shopping at the Ellenton Outlets right down the road, or head over to the neighborhood boat ramp for an afternoon on the water, whether you want to tour Tampa Bay or let the gentle waves of the Gulf of Mexico take away those weekday worries.
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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