11988 SE 91ST CIRCLE
About This Property
The spacious primary bedroom has been updated with stylish laminate flooring and features a walk-in closet. Both bedrooms offer generous closet space, and the den, also adorned with laminate flooring, provides a versatile space for relaxation or a home office.
A large, fully enclosed lanai extends your living space, offering a tranquil retreat to enjoy the Florida sunshine
Spruce Creek Golf & Country Club is an attractive, active adult community developed by Del Webb. This gated community of 3,250 homes is located on 1,604 acres. It is large enough to offer the best of modern amenities and small enough to provide a small-town living experience.
Eagle Ridge Golf Course features 36 holes of scenic and challenging championship golf, a fully staffed pro shop and The Toppers Tavern Restaurant. The community center features a warm lobby with a library, a multi-purpose ballroom, community kitchen, meeting and game rooms. The area is completed with a heated outdoor pool and spa with covered lanai, bocce and shuffleboard courts. There is more than 70 clubs supported by a full-time activities director provide opportunities to satisfy almost any interest.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017