45308 Fairway Drive
About This Property
There are many reasons Grand Beach is a desired location, find yours today! While a Large Home, the over 2100 Square Foot Basement is plumbed for a Bath and has Tall Ceilings with Windows and is a Blank Canvas for future development! This home provides Resort Style Outdoor Opportunities with Heated Pool (Brand New Liner), Hot Tub and Outdoor Grill. This home is close to EVERYTHING, New Buffalo, Restaurants, Shops, Harbor, Casinos, Shopping...and so much more!
Grand Beach is a special place...Golf Cart Living, join the Grand Beach Social Club to participate in Summer Long Events including Mens and Ladies Golf, Children's Golf, Adult and Children's Parties and Special Events...it's the place to be!!!
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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