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7601 ORANGE TREE LANE
About This Property
Located in the heart of Dr. Phillips, the home is just one mile from Restaurant Row, just four miles from Universal Studios and conveniently nearby to highways. It is also zoned for Dr. Phillips Elementary, Southwest Middle and Dr. Phillips High School. With its golf course views, recent updates and convenient location, this home offers a wonderful opportunity to enjoy all that Dr. Phillips has to offer.
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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 Doctor Phillips
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017