3709 Gulfstream Way
About This Property
The Town of Davie is centrally located with easy access to various major highways including I-95, I-75 and the Florida Turnpike. Just 25 minutes to Fort Lauderdale or 36 minutes to Miami, Davie allows you to easily access the best of what South Florida has to offer. Enjoy the outdoors at one of the area's many parks such as Tree Tops and Vista View. Both Seminole Hard Rock Hotel & Casino and Hard Rock Stadium are a quick 20 minutes away. Finally, Nova Southeastern University is located just 15 minutes away in a high-growth area with exciting new restaurants and shops.
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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