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4796 Martinique Way
About This Property
Located in Island Walk, you're just minutes from the Town Center with a renovated clubhouse (no special assessments), resort-style and lap pools, tennis, pickleball, bocce, fitness center, popular restaurant, and everyday conveniences like a gas station, car wash, post office, and salon. HOA fees include basic cable, WiFi, lawn, arbor-and irrigation care and irrigation water for easy living.
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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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About Urban Estates
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$7,500 /mo
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$8,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017