6271 ISLAND FOREST Drive
About This Property
Split floor plan with a large master bedroom & bath, and a large walk-in closet. Has a covered front porch & a large rear deck. Beautiful oak hardwood flooring in the foyer, family, & dining rooms. Vaulted ceiling & stone fireplace in the family room. New carpet in the bedrooms; Roof replaced in 2021; Re-piped in 2019; Newer CH&AC system (Air Handler dated 2019). Large yard & great view of the wooded creek area from the deck. Includes a security system & storage shed too. Easy to show. This one has a lot going for it & won't last long. The Seller has never lived in the property, so buyers should complete their due diligence. The Listing Agent is related to the seller.
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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 Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017