397 NOTTINGHILL STREET
About This Property
Transition effortlessly through collapsible triple sliders that open to a fully screened pool area and covered lanai equipped with a built-in summer kitchen, set against the backdrop of a protected nature preserve. Further enhancing the home's functionality is an upgraded laundry room with custom cabinetry and an oversized 573-square-foot garage. Finishing touches such as plantation shutters and custom closet built-ins in every bedroom underscore the home's attention to detail.
Residents benefit from a low-maintenance lifestyle, as the monthly HOA fee covers lawn care, cable, internet, and irrigation water. The community of Chelsea Place offers a resort-style community pool, playground, state-of-the-art workout facility, miles of sidewalks, and easy access to I-95, shopping, restaurants, and hospitals. All info intended to be accurate but can't be guaranteed.
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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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About Volusia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017