Lakefront living in the heart of 55+ community, Majestic Isles!
This spacious 3-bedroom, 2-bath villa offers nearly 1,800 sq ft
under air, a 2-car garage and beautiful water views from the main
living areas and primary bedroom. Major updates are already done,
including a BRAND-NEW ROOF, newer A/C and water heater. Inside,
you'll find a bright, open layout with multiple living spaces, an
office/den and a generous kitchen with granite countertops and
plenty of storage. Enjoy peaceful lake views at home, then take
advantage of Majestic Isles' newly updated clubhouse, pool, fitness
center, pickleball, tennis, billiards, library and active social
calendar. Offered furnished or unfurnished.
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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