8980 SE North Passage Way
About This Property
The excess yard space is extremely spacious and expertly landscaped. Large enough for a volleyball match or for your pets to run and play. This community offers exceptionally low HOA fees, 24-hr manned gated offering a sense of safety and security and, is connected to the Riverbend Golf Club community with membership available but not mandatory! Gated security and state of the art pickle ball & tennis court, pool & spa, fitness center & Basketball as well as a community room perfect for private parties and gatherings! Nearby - enjoy incredible swimming, snorkeling, and wildlife at Coral Cove Park, explore the Lighthouse Art Center, or wine and dine at some of the best restaurants to enjoy the fresh catch of the day and much more!
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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 Martin
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,000 /mo
- 2 Beds
- 2 Baths
- 1,240 ft²
$4,800 /mo
- 3 Beds
- 2 Baths
- 1,673 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017