8988 Madrid Circle
About This Property
Conveniently located about 15 minutes from downtown Naples and less than 5 minutes to I-75, this home is perfectly situated for easy access to all the area has to offer, which will soon include the excitement of the indoor waterpark at Great Wolf Lodge, less than 10 minutes away. For investors, home can be rented right away.
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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 Golden Gate
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$5,500 /mo
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$5,600 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017