Welcome to 13 Swallow Drive! This spacious 3-bedroom, 2.5-bath
two-story home offers a bright, open layout and beautiful lake
views. French doors lead to an extended clay-paver patio, perfect
for relaxing or entertaining by the water. Features include a 2-car
garage, complete hurricane window protection, A/C (2023), water
heater (2026), sprinkler pump (2026), and second-floor laundry.
Meadows Lake offers a pool, tennis, pickleball, playground, dog
park and pavilions with a low $115/month HOA. Ideally located
minutes from beaches, shopping, dining, PBI and entertainment.
Enjoy peaceful lakefront living, great community amenities and an
ideal location in the heart of South Florida-this is a home you'll
want to see! A wonderful opportunity to enjoy the best of South
Florida living!
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.
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Carpet, Ceramic Tile
Door Features: French Doors
Laundry Features: Laundry Closet, In Unit, Upper Level
Rooms: 3
Exterior Details
Square Footage: 1560
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Resale
Architectural Style: Traditional
Year Built: 1993
Waterfront Features: Lake Front, Lake Privileges
Building Area Total: 2055
Levels: Two
Window Features: Blinds, Metal, SingleHung
Construction Materials: Block, Concrete, Stucco, CBSConcreteBlockStructure
Patio and Porch Features: Covered, Patio
Pool Features: Association
Lot Features: Landscaped, OversizedLot, SprinklersAutomatic, LessThanQuarterAcre
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