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4743 Southern Breeze Drive
About This Property
Lake front Class-A Motorcoach site located in Pelican Lake Motorcoach Resort. This site is centrally located near the middle of the resort with a wide open lake view with the clubhouse in the distance. Pull-in to this south facing property and enjoy the view of the lake and fountains. Completely upgraded with a paver pad and extended patio and tropical landscaping surrounding the site. There is an outdoor bar with grill.
Coach house Details:
The 10X10 coachhouse has recently been finished with a new hardy board exterior and new tile type roof. Finished on the interior with shower, vanity with sink, toilet, and new stackable washer & dryer. The floor is a ceramic tile.
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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