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6256 ERICE STREET
About This Property
YARD AND LAWN MAINTENANCE IS INCLUDED, and Island Walk has surprisingly LOW HOA and CDD fees, and NO FLOOD INSURANCE is required. Island Walk and Wellen Park are GOLF CART FRIENDLY! Enjoy shopping, dining, and community events without needing a car. Located WITHIN 15 MINUTES OF 11 COUNTY BEACHES! Minutes from Downtown Wellen Park, Atlanta Braves Spring Training, Downtown Venice, dining, fishing, and world-class golfing. Shopping is a 5-minute drive to Publix, Costco, Target, Walmart, Bealls, Home Depot, and MUCH MORE TO COME!. This home is ideal for full-time living or a seasonal retreat. Enjoy easy access to Fort Myers, Punta Gorda, and Sarasota airports. Don't miss this incredible opportunity to own this SPACIOUS and CHARMING VILLA in PARADISE!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017