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1237 Canyon Way
About This Property
Hurricane garage door. Accordion shutters upstairs and Aluminum Shutters downstairs. Exterior grill stays with the home. Kitchen appliances aprox. 5 years old. Laundry appliances are 2020. Main AC unit is 2021 and the smaller unit is original. Natural Gas Water Heater is 2016.
Furnishings are negotiable. Excellent location close to everything but tucked away from all the noise.
This is the best location in Wellington right in the middle of new developments being built Lotus Wellington and Tuttle Royale which will bring many new restaurants and entertainment options right next door.
HOA fees and amenities include 24 hour manned security, high speed internet service, your lawn mowed along with common areas, ADT security service, monthly residence activities, lawn irrigation, tennis courts, pickle ball court, basketball, heated pool, fitness center, game room, playground, jogging/running/cycling paths and more.
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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.
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About Black Diamond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017