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4096 Artesa Drive
About This Property
Step outside to discover the ultimate Florida lifestyle in your backyard oasis, overlooking peaceful water views. The expansive paver patio centers around a sparkling pool with an overflowing spa, accompanied by an outdoor summer kitchen featuring updated patio equipment. This home is fortified for peace of mind with major recent upgrades, including complete impact windows (2023) and three new A/C units (2021 & 2023). Located in a premier community, this estate offers an unparalleled blend of luxury, safety, and leisure.
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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 Jonathans Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017