9087 Michael Circle #6609
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 |
|---|---|---|---|
| Oct 14, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 2, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 29, 2025 | Price Decreased |
$379,000
↓ $11K
(2.8%) | |
| Price Decreased | |||
| Jul 4, 2025 | Price Decreased |
$390,000
↓ $15K
(3.7%) | |
| Price Decreased | |||
| May 27, 2025 | Price Decreased |
$405,000
↓ $14K
(3.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/13/2025
|
2 Bed
|
2 Bath
|
1247 ft²
|
$376,000
2 Bed
2 Bath
1247 ft²
|
$335,000
-10.90%
05/18/2026
|
Michelle Thomas
Premier Sotheby's International Realty
| |
|
05/13/2025
|
2 Bed
|
2 Bath
|
1247 ft²
|
$419,000
2 Bed
2 Bath
1247 ft²
|
-
-
|
Michelle Thomas
Premier Sotheby's International Realty
| |
|
05/25/2024
|
3 Bed
|
2 Bath
|
1450 ft²
|
$450,000
3 Bed
2 Bath
1450 ft²
|
$420,000
-6.67%
09/18/2024
|
Bob Cowan
Compass Florida LLC
| |
|
10/02/2018
|
3 Bed
|
2 Bath
|
1450 ft²
|
$249,900
3 Bed
2 Bath
1450 ft²
|
-
-
|
-
| |
|
06/10/2018
| |
3 Bed
|
2 Bath
|
1450 ft²
|
-
3 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
|
10/15/2008
|
2 Bed
|
2 Bath
|
1450 ft²
|
$249,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
Christopher Braun
William Raveis Real Estate
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017