7522 SE Bay Cedar Circle
About This Property
The master bedroom has a large picture window with views of the patio and preserve. The large bathroom is beautiful and was recently redesigned and renovated to the highest standards. The roof was replaced in 2019 with a flat tile, the AC is newer (2018), and the water heater is newer as well (2020). The exterior was just repainted (2022). The home has a combination of accordion and panel shutters on all openings and the back patio is spacious and has been re-screened.
The home is move-in ready an close to the beach, shopping, dining, and historic downtown Stuart.
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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 Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017