Stunning 1.5-story lakefront estate in the prestigious gated
community of Lakes of Sterling Gate. Impressive stone elevation
with stamped concrete driveway and walkway. Double wood-and-glass
front doors open to breathtaking backyard views through soaring
plate-glass windows. The grand foyer flows into elegant formal
living and dining rooms featuring an embossed copper tin ceiling,
dramatic archways, and crystal and wrought iron chandeliers. The
spacious primary suite offers hand-scraped hardwood floors,
plantation shutters, cove lighting, and a luxurious executive bath.
The family room opens to a chef's kitchen with custom cabinetry,
breakfast bar, premium KitchenAid appliances, and a built-in
refrigerator. Outside, enjoy a newly resurfaced pool and spa, an
architectural rain curtain water feature, covered patios, a summer
kitchen, a fire pit, and lake views. Three bedrooms down, private
upstairs bedroom, oversized game room. All interior just
painted. Luxury living at its finest!
Better Homes and Gardens Real Estate Gary Greene -
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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.
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