9035 MICHAEL Circle #304
About This Property
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2009 | Listed by Berkshire Hathaway Florida | $210,500 | |
| Listed by Berkshire Hathaway Florida | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/07/2026
|
2 Bed
|
2 Bath
|
1247 ft²
|
$419,900
2 Bed
2 Bath
1247 ft²
|
-
-
|
Tony Williams, jr
ALIGN RIGHT REALTY CARROLLWOOD
| |
|
12/10/2025
|
2 Bed
|
2 Bath
|
1450 ft²
|
$449,000
2 Bed
2 Bath
1450 ft²
|
$415,000
-7.57%
03/18/2026
|
Chris Farrugia
Premiere Plus Realty Co.
| |
|
01/09/2025
|
2 Bed
|
2 Bath
|
1450 ft²
|
$400,000
2 Bed
2 Bath
1450 ft²
|
$310,000
-22.50%
11/06/2025
|
Chris Farrugia
Premiere Plus Realty Co.
| |
|
02/09/2023
|
2 Bed
|
2 Bath
|
1247 ft²
|
$445,000
2 Bed
2 Bath
1247 ft²
|
-
-
|
Chrissy Burghart Forst
Exp Realty LLC
| |
|
01/26/2009
|
2 Bed
|
2 Bath
|
1247 ft²
|
$210,500
2 Bed
2 Bath
1247 ft²
|
-
-
|
Karen Bothwell
BERKSHIRE HATHAWAY FL REALTY
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017