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9203 HALBERG DRIVE
About This Property
The low HOA covers exterior painting every 8 years, lawn care, fertilizer, weed and pest control, and irrigation repairs, as well as Spectrum internet and cable. The exterior is also scheduled to be freshly painted by the HOA at the end of June, just in time for the new owners! Residents enjoy access to two community pools, including one heated pool, all conveniently located near shopping, dining, medical facilities, and the Gulf Coast.
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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