7207 Alden Circle
About This Property
Recent updates ensure peace of mind with a new roof(2023) less than a year old and a 2022 HVAC replacement. Water Heater is 2019. All major systems are in new or newer condition making this home move in ready. Located within walking distance of West Navarre Primary School and just a stone's throw from the neighborhood Walmart shopping center, convenience meets comfort in this serene neighborhood, just 5 miles away, from the pristine white sands of Navarre Beach and the sparkling waters of the Gulf of Mexicoan irresistible invitation to coastal living at its finest.
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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