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431 WATERWAY DRIVE
About This Property
River Ranch is Florida's premier luxury RV destination located just one hour south of Orlando. The all-inclusive $942 quarterly HOA covers water, sewer, cable, internet, lawn care, trash, and 24/7 gated security. Owners enjoy exclusive access to a private lounge, billiards, poker room, and fitness center, while the resort offers endless entertainment including weekly live rodeos, a saloon with live bands, a waterpark, petting farm, and an adventure park. On-site dining options range from fine dining at the Chop House to waterfront BBQ and a Starbucks-serving coffee shop. Whether you are a snowbird or an investor, this pet-friendly paradise with no RV restrictions is a perfect fit.
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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