864 Gardener Road
About This Property
Step outside to a spacious screened back porch overlooking a tranquil lake, where glass windows can be opened to enjoy cool breezes or closed for year-round comfort. The outdoor space continues with a brick-paver patio, extra parking pad, and a fenced backyard. Peaceful water views, combined with convenient access to area beaches and the Kennedy Space Center, make this home an exceptional choice. Recent updates including a 2020 roof, 2022 A/C, and 2020 water heater offer comfort and peace of mind.
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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 Pine Cove
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$1,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017