947 Hookline Circle
About This Property
Your fully fenced nearly half acre yard can easily accommodate a large swimming pool, or, even a dock for kayaks or non gas/diesel powered toys. The agricultural community of Arden is easily one of the most uniquely robust communities in all of South Florida. The state of the art club house has everything; a gym with brand new equipment, yoga studio along with restaurant and card room over looking 2 resort style pools and spa. In addition you also have a soccer field, basketball court and tennis court. What separates Arden from other communities is most noticeably it's 5 acre farm where residents and staff grow fresh produce for delivery or pick up. The barn located within the community is also host to many social gatherings throughout the year for young families.
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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