3966 Recreation Lane
About This Property
This 4-bedroom + den, 3-car garage home in the gated community of Forest Park is the lowest-priced property on the market and an incredible opportunity. With a spacious floor plan, multiple living areas, and abundant natural light, this home offers plenty of room to make it your own. The oversized 3-car garage provides exceptional storage and flexibility. This home is being sold AS-IS and it's priced accordingly and ready for a buyer to add personal touches. Forest Park features low HOA fees and great amenities including a clubhouse, fitness center, community pool, and more-all just minutes from downtown Naples, shopping, dining, and the Gulf beaches.
***Seller is entertaining all offers-don't miss this value-packed opportunity!***
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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