873 RUDDER WAY
About This Property
The lower level is quite large with Great Room, 4th Bedroom, sliders to patio, full Bath and ample storage rooms. The roof is new, the Carrier HVAC is only 8 yrs old and the home comes complete with house generator and irrigation system.
Heritage Harbour has the best amenities for the over 55 crowd anywhere including a waterfront lodge, indoor/outdoor pools, Par 3 golf course, tennis courts, billiards, gym, RV/boat storage, multiple clubs and the exclusive Wilder Fresh Kitchen restaurant on site for residents and their guests. Please note there is a one time $2025 plus $100 mandatory fee for new residents. The HOA fee is a low $161/month.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017