8239 Potomac Lane
About This Property
This property underwent an extensive renovation from top-to-bottom, inside to outside. This is your rare opportunity to own a completely renovated home in Madison Park where no expense was spared!
A short list of recently completed upgrades include: New High Efficiency AC (2023), new Pool, Cage and Decking (2023), Washer and Dryer, new Italian plank flooring throughout home, new granite and backsplash in kitchen, stainless steel appliances, crown molding, plantation shutters, upgraded lighting added throughout home, new BBQ and patio bar with custom stereo, new Interior paint (Walls, ceilings, doors, cabinetry, crown molding), new Exterior paint, epoxy coated garage floor with custom ceiling storage and much more.
Your new home is only a short drive to beautiful downtown Naples that offers world-class beaches, dining and entertainment. There is no better time than the present to purchase this amazing property located in one of the most sought-after communities in Naples!
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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