437 TORTUGA BAY Drive
About This Property
Add'l features: new water heater, new Bosch Dishwasher, recessed lighting, pool bath, steel tubs in bathrooms, rainfall shower head, Outdoor hot and cold shower, fully fenced yard, water softener, generator connection, attic flooring for add'l storage, full irrigation, Plenty of room to play behind the pool as well!
Pool: propane heater, Easy-touch controls w/ smartphone control; variable speed pump, Deck Jets, Umbrella holder on sun deck
CDD 50% paid off, community pool & amenities
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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