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5839 Orange Road
About This Property
Very nice 3/2 home on a big lot. Features laminate & tile floors. New refrigerator 2021, new water heater 2022, updated kitchen with backsplash. Updated bathroom.
Per seller house wired for a generator and well on property (no pump).
The back yard fence is partially owned and shared by seller and neighbors.
Central location minutes to Wellington, Royal Palm, WPB, and the Glades.
All figures are approximate.
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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 Royal Palm Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017