9905 SE Mahogany Way
About This Property
Concrete tile roof was installed in 2005. Dual zone, top-of-the-line Trane variable speed A/C's installed 2014 and 2009. Impact glass windows installed on most of the first floor windows and hard to reach second floor windows. Accordion shutters on all upstairs openings and some panels for the remaining openings on first level offers full hurricane mitigation discount. Heritage Oaks is a manned, gated community with Tennis Club featuring Har Tru clay courts. BOAT STORAGE in community next to tennis courts. We look forward to showing you this well cared for home.
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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