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400 TORTUGA DRIVE
About This Property
Enjoy added peace of mind with a durable metal roof, while the screened front porch offers a welcoming place to relax and enjoy the tropical surroundings. Out back, the screened lanai features Trex decking, a therapeutic spa, and a private dock overlooking the serene waterfront-creating an ideal setting for entertaining or unwinding.
Conveniently located just minutes from beautiful Gulf beaches, dining, shopping, and everything Nokomis has to offer. A new 40-gallon water heater is being installed. **This property qualifies for a 1% lender incentive when using the preferred lender. Inquire for additional details.**
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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