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8404 MILLWOOD DRIVE
About This Property
The split-bedroom layout provides added privacy, while the primary suite features a walk-in closet and a spacious bath complete with dual sinks, a jetted tub, and separate shower. Both bathrooms have been refreshed with new vanities and toilets. Additional updates include fresh interior paint and new blinds throughout.
This home is perfect place to relax and enjoy Florida living year-round. Conveniently located near shopping, restaurants, golf courses, parks, the library, and short drive to Hudson Beach.
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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