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12188 Bear River Road
About This Property
Valencia Cove is a premier 55+ lifestyle community featuring a spectacular 39,000 square-foot clubhouse and 10-acre outdoor recreational facility. Endless activities, trips, shows, and clubs of all types. The clubhouse features an expansive foyer and lobby, grand ballroom with raised stage and dance floor, four spacious card rooms, Cafe with indoor/outdoor seating, Arts and crafts room with kiln, Internet/Billiards room, Office, Catering kitchen with separate demonstration cooking studio, Yoga & exercise studio with ping pong, fully equipped fitness center and men's and women's locker rooms with steam rooms, massage room and showers. There are 4 pools - a beautiful Resort-style pool and Shade Pavilions, Lap pool with Swimmers' Lap Lanes, Resistance walking pool, Grandchildren's wading pool, and an Outdoor whirlpool spa. There are 8 har-tru tennis courts with shade pavilions and lighting for night play, tennis pro shop, tennis pro, league play, 4 pickleball courts with league play, 2 bocce courts, half-court basketball and walking/jogging/biking paths throughout and just outside the community. Valencia Cove is conveniently located near shopping, restaurants, houses of worship and major highways!
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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.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017