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7615 Oak Grove Circle
About This Property
Smith Farm is a wonderful community situated on 80 acres of lakes and cypress preserves and offers residents an 8-acre park with an assortment of amenities that can be used all year round. Amenities include 2 pools, one with a spa, kiddy pool and swim lanes, the other a splash pad for the children. With low HOA fees, Smith Farm has an incredibly active environment and offers a state-of-the-art fitness center designed by Life Fitness, featuring low levelled lighting, climate control, and the ability to do a full workout. A high-tech playground for kids under 12 years old, tennis, racquet ball court, basketball, baseball diamond and soccer field. We are a gated community with 2 entrances, each entrance is monitored by surveillance and roving patrols. Close to a variety of shopping, restaurants, and "A" rated schools, this home will not last!
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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 Smith Dairy West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017