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648 E TROPICAL TRACE
About This Property
Enjoy year-round relaxation in the screened-in porch, ideal for morning coffee or evening gatherings. The home also boasts a brand-new roof, offering peace of mind for years to come.
Situated in a centrally located area, you'll love being just minutes away from new shopping centers, restaurants, and entertainment options. Residents also have access to an amazing amenity center complete with a pool, fitness facilities, playgrounds, and more-designed for active lifestyles and community enjoyment.
This move-in-ready gem combines thoughtful updates with a prime location. Don't miss your chance to call it home!
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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