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415 Rockledge Drive
About This Property
Heated pool with beach area, hot tub, and patio were all redesigned and new 2 years ago, perfect for large family gatherings and entertaining.
New Roof, New A/C, New dock, New sea wall, New shed. Home features also include: full house generator, fenced yard, boat lift, custom blinds, plantation shutters, hurricane shutters and more!'||chr(10)||'See documents tab for a complete list of upgrades.
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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 Sherwood Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017