59
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5617 Cypress Creek Drive
About This Property
Entertain effortlessly in the extended screened outdoor lanai, perfect for enjoying Florida's weather year-round. For those who love the water, the property is just two miles from the river, where kayaking and canoeing await, along with convenient access to two public boat ramps. Located in the desirable Cypress Creek community, known for its friendly neighbors, beautiful homes, and mature land landscaping, you'll find yourself surrounded by wide streets where evening walks with neighbors are the norm. Embrace the sense of community that defines Grant, home of the famous Grant Seafood Festival, and make this inviting home your own.
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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