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4366 Fitzroy Reef Drive
About This Property
Located in the desirable Indian River Preserve golf course community, this move-in-ready corner-lot home offers one of the BEST values currently available for a 4-bedroom home in the entire neighborhood. Perfect for families needing more space without the higher price tag, this property combines size, location and value in a way that's hard to find. Even better, the lot line extends FAR beyond the fenced backyard, giving you substantially more usable yard space than you may realize at first glance. The backyard already features a wrought-iron fence and children's swing set with plenty of additional room to play, entertain or relax. Inside, you'll find fresh paint throughout, new tile flooring in the main living areas and two bedrooms, stainless steel appliances and peaceful lake views! Perfectly positioned just around the corner from the clubhouse and golf course!
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Cap Rate Calculator
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