75 N Mango STREET
About This Property
Both homes have been beautiful painted and decorated with love of the owners as well as the property. The roof is just 5 yrs old. The 2nd home comes fully furnished turnkey and both have their own washer dryer. Dearborn St is walking distance away so you can enjoy dining and drinking, live entertainment, etc. Walk, bike or drive a golf cart to see sunsets and enjoy this very beautiful historical downtown area on Lemon Bay. There are parks close by with tennis courts, a playground, basketball courts, etc. for the public. There is a fishing pier and boat ramp. Enjoy the farmers market every Thursday downtown. There are a few Tiki Bars nearby as well. Be sure to schedule a showing, cruise Dearborn st and have lunch at the waterfront restaurant Snooks Bayside located behind the Royal Palm Marina just minutes away. Also visit Indian Mound Park where there is a boat launch and old Indian Burial grounds. Not many beautiful properties like this less than 10 minutes to the beach. Definitely try the Sandbar for dinner across the street from Englewood beach.
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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%.
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017