601 Canal WAY
About This Property
This well-maintained home is close to shopping, dining, entertainment, and beaches. The open great room plan boasts high ceilings, with doors that open to a private, screened lanai with peaceful preserve and pond views. The kitchen, with a breakfast bar, is seamlessly connected to the family room. The master bedroom is spacious, with walk-in closet and an en-suite master bathroom. The second bedroom and full bath are perfect for guests or as an office space. Flooring is hardwood, laminate and ceramic tile.
The home is very clean and move-in ready, with direct access to a waterfront walking trail just across the street. Enjoy the vibrant Florida lifestyle with your golf cart in this charming community.
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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