394 Coral Trace Lane
About This Property
in the gated community of Coral Trace. The kitchen offers generous solid
wood cabinetry, granite countertop and stainless steel appliances. The LR, w/ vaulted ceiling, overlooks the lake. Also, it has newly installed AC unit, accordion hurricane shutters, front screen door, fenced extended back patio where you can realxe watching breathtaking sunsets. HOA amenities include large heated swimming pool, spa, 2 lighted tennis courts, playground and the clubhouse with exercise and, billiard room. LOCATION, LOCATION: It is only two miles away from the public beach and ''The Atlantic Avenue'', with all the restaurants and boutique stores.
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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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About Coral Trace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017