8902 CANDY PALM ROAD
About This Property
Paradise Palms is a guard-gated resort offering a wide range of amenities, including a large clubhouse with a theater room, arcade, fitness center, sundry shop, and bar and grill. Outdoor recreation includes a resort-style pool with two hot tubs, splash pad, basketball and tennis courts, beach volleyball, and a playground. The community is conveniently located just 3 miles from groceries, dining, and Sunset Walk, and 6 miles from Walt Disney World. Video and virtual tour available.
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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