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11091 Laurel Walk Road
About This Property
Excellent location close to everything but tucked away from all the noise. HOA includes cable, internet and home security system. Wellington Shores Association offers a state-of-the-art virtual guard gate entry system which gains access to this lake front community of 181 single family homes located in the Village of Wellington, FL. The community offers many amenities including a clubhouse with a fitness center, a children's playroom, and a social room. Additional amenities include a heated resort style pool and sundeck, tennis and pickleball courts, walking and jogging trails and two lakes. Close to new developments being built Lotus Wellington and Tuttle Royale which will bring many new restaurants and entertainment options within a few minutes. Zoned for Wellingtons A Rated schools.
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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%.
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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 Orange Grove Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017