480 Marlin Circle
About This Property
BRAND NEW! Large 2022 Champion Zone 3 Home, in modern Two-tone grays on an over size lot in the great community of Barefoot Bay. The Home has a modern open split floor plan perfect for entertaining family and friends. The home has 3 bedrooms and 2 baths with drywall throught out, crown molding, full size baseboard and many more upgrades. The Master Bedroom comes with its Private screened deck for enjoying the beautiful Florida sunrises and sunsets. The Master bathroom has dual sinks and granite countertops. All bedrooms have walkin closets. The Kitchen is a highlight, complete with granite countertops, center island and stainless steel appliances. Outside you drive up to a double wide carport with a covered walkway to the home entrance and storage. This home has a 4 year extended warranty.'||chr(10)||'Photos are virtually staged.'||chr(10)||'The info provided herein is subject to errors, omissions or changes without notice, and Seller and Broker expressly disclaim any warranty or representation regarding the Property Information. You must independently verify the Property Information prior to purchasing the Property.'||chr(10)||''||chr(10)||'
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017