431 WINDWARD PASSAGE
About This Property
Step outside to enjoy your private backyard oasis, ideal for entertaining, gardening, or simply relaxing in the Florida sunshine, add your own swimming pool for additional outdoor recreation and fun! This home offers the rare combination of Island Estates living, privacy and walkability to a beachfront lifestyle that money cannot buy! Enjoy no seawall maintenance, lower insurance, proximity to the marina, shopping, dining, beach festivals, concerts and the world famous sands of Clearwater Beach. Don't miss this turnkey opportunity to enjoy the Island Estates lifestyle !!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017