67 NEWMAN Drive
About This Property
Caribbean Manor ''Dominica'' located in the beach community of ''Port of Call'' Where else can you find a home of this caliber with 4 bedrooms upstairs with their own bathrooms? Just three houses down from the beautiful white sands and gorgeous emerald waters of the Gulf of Mexico? Also, this home is just across the street from the state park. This home exhibits unsurpassed quality and craftsmanship with updates such as granite counter tops, new cabinet, all new GE appliances, and hardwood floors. Don't let this one pass you by. Tremendous rental opportunity.
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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