53 VALLEY GROVE Drive
About This Property
Gourmet kitchen with quartz countertops, stainless steel appliances, a spacious center island, & a large pantry. A full house generator, spray foam insulation, floored attic, epoxy garage floor. A serene primary retreat with a spa-like en-suite bath, double vanities, soaking tub, and a walk-in closet. Large windows invite natural light into the open-concept living and dining areas, creating a welcoming atmosphere for family gatherings and intimate nights in. Step outside to your private backyard oasis complete with a screened-in lanai, space for outdoor living and a future pool.
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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 Nocatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017