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863 Pelican Lane
About This Property
Situated on a corner lot, this property offers a generous fenced yard, perfect for kids, pets, or outdoor entertaining. The formal living and dining rooms provide elegant spaces for hosting gatherings and creating cherished memories. Additionally, the family room offers versatility, serving as a great game room or a cozy space to relax with loved ones.
With large rooms and tons of storage throughout, this home provides ample space for your family's needs. The one-car garage offers convenience, and with almost 1/3 acre, there is plenty of room on the property for a pool, making it an entertainer's dream.'||chr(10)||'Located in a desirable area near Ballard Park, you'll enjoy easy access to parks, schools, shopping, dining, and more. Don't miss this opportunity to make this house your forever home. Schedule a showing today and experience the best of Florida living! '||chr(10)||'
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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