616 ARROYO PARKWAY
About This Property
The home also includes a recently installed HVAC system with all-new ductwork, just three years old, ensuring efficient cooling and year-round comfort for years to come. The open floor plan flows seamlessly into the screened-in back patio, where you can enjoy your morning coffee or unwind after a long day. The spacious, fully fenced backyard offers privacy and plenty of room for pets, outdoor activities, or even a future pool.
Additional upgrades include a brand-new roof and fresh interior paint throughout. Located just minutes from the beach, shopping, dining, and top-rated schools, this home blends comfort, convenience, and Florida charm. Whether you're a first-time buyer, looking to downsize, or searching for your perfect vacation home-this is your opportunity to own a piece of the Sunshine State. Schedule your private showing today!
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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