LOT 42 Deer ROAD
About This Property
Residents of Lake Reedy Estates have exclusive access to the community dock and enjoy the privilege of lake access to the pristine Reedy Lake. Nature enthusiasts will appreciate the nearby Arbuckle Tract at Lake Wales Ridge State Forest, a sprawling 13,530-acre property offering endless opportunities for long hikes, equestrian trails, fishing, and kayaking. Embrace the serenity and natural wonders of Lake Reedy Estates, where you can build your dream home amidst the captivating beauty of the surrounding landscapes.
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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