Tucked in one of Cinco Ranch's gated enclaves, The Reserve at
Spring Lake, this stunning Partners in Building home delivers
striking architecture, exceptional craftsmanship and a premier
waterfront oasis. Featuring a new roof, double doors open to a
dramatic two-story entry w/rich hardwoods, a dining room, elevated
study w/French doors and a second bedroom down w/ensuite bath. With
towering ceilings, the family room makes a statement with
floor-to-ceiling stone fireplace & expansive windows framing
backyard views. Island kitchen has granite counters, a Jenn-Air
4-burner cooktop w/griddle, cast stone vent hood, double ovens,
built-in refrigerator, butler's pantry w/wine fridge and nearby
half bath, breakfast & utility room. Luxurious primary suite has a
sitting area, spa-like bath and fabulous walk-in closet. Upstairs
has a game room, media room and three bedrooms. Amazing backyard
has a resort-style pool & spa, lake views, green space and pavilion
with fireplace and outdoor kitchen.
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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