716 Hernando Drive
About This Property
With 4 spacious and coastal-themed bedrooms and 3 well-appointed bathrooms, this open-concept home is ideal for entertaining and hosting. The heart of the home seamlessly connects the living areas with breathtaking tropical views through every room. Electric hurricane shutters for convenience allow full protection for the home (one manual shutter). Expansive lanai with heated pool and spa invite you to unwind while enjoying the serenity of the oversized lot and deep water views, with 137' of wide waterfront, new seawall, new oversized dock, and equipped with a high-capacity boat lift & jet ski lift. Quick and convenient waterfront access within minutes of Tigertail Beach and Marco dining and shopping.
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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 Marco Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017