484 Outer Drive
About This Property
Enjoy this open, light & bright floor plan with beautifully tiled floors.
the kitchen has granite counters and upgraded appliances. The 12x15 patio is also tiled. Water view from living room, dining room and patio. There is a 400sf two car garage and nice pavers on the parking apron. Unique home in this great gated community for 55 plus seniors. Community offers heated pool and spa, lake with boat ramp and dock, tennis, shuffleboard and community center. Just off of I-95 and Hwy 524 with easy access to beaches and central Florida.
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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