10099 Diamond Lake Drive
About This Property
7/10 mile to houses of worship, short stroll to the clubhouse, pool, new Sprouts grocery, banks & dining all a short distance away. 24hr Manned gate and amenities include: Billiards room, fitness center, bocce courts, tennis courts, Ping Pong, hot tub, swimming pool, covered cabana area, outdoor barbecue grill & social room with kitchen and card room. Clubhouse is currently undergoing renovations but buyers will enjoy a brand new clubhouse when completed. Maint fee includes:
Lawn front and back, painting exterior, pressure cleaning,
Basic cable & Internet, Security alarm monitoring, 24 hr manned gate. 2 pets allowed up to 40 lbs. Association charges a One time fee $3500 capital contribution paid at closing for all new buyers when purchasing. 3rd bedroom does not have a closet.
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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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About Rossmoor Lakes
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$6,000 /mo
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$5,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017