8016 Mangrove Circle
About This Property
Discover the potential in this 3 Bedroom, 2 Bath home located in the desirable Port LaBelle community. Built in 2006, this property is priced affordably for investors or buyers looking to add value through updates and improvements. Whether you're searching for your next fix-and-flip, long-term rental, or an affordable home to make your own, this one offers excellent upside potential.
Enjoy the peaceful surroundings of Port LaBelle, conveniently located near schools, parks, and everyday amenities. Commuters will appreciate being just 35 minutes to Fort Myers and 1.5 hours to Miami/East Coast, combining small-town charm with city access.
Affordable, well-located, and full of promise, don't miss this value-packed opportunity in the growing LaBelle, Florida community. With a little TLC, this home can shine as a smart investment or a comfortable place to call home.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017