5093 Marla Drive
About This Property
Ceramic tile floors thru out the Living Area, Carpets in all Three Bedrooms, Two Full Baths, Formal Dining Area, Large Lanai sitting area off the Dining Room, Extra Large Rear Patio with Full Screen Enclosure with Exquisite views of the lake. New Water Heater just installed and Full Accordion Hurricane Shutters. Please Note: If you don't take a look soon, there's a 100% Chance that someone else will!!
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017