131 NOLEN DRIVE
About This Property
There is nothing quite like Grand Oaks with its low fee, low maintenance, active social lifestyle centered around the Residents' Club. This Coastal themed Valencia plan offers 2 bedrooms and 2 baths plus a den. Hurricane impact glass throughout the home provides year-round peace of mind and comfort. Tray ceilings emphasize ceiling heights of 12' in the Foyer and 10' in the Great Room and Dining Room. The Kitchen is equipped with GE Slate fingerprint resistant appliances, custom wood cabinetry with 3" crown molding, under cabinet lighting, and granite tops with decorative backsplash. The open concept design and 8' tall by 12' wide pocketing glass doors open the home to the Lanai and enhance the lush, private view of the greenery surrounding the community. A relaxing Owner's bath features a luxurious soaking tub, separate shower, and separate vanities with abundant storage under granite counter tops. Please call now, your Grand Oaks lifestyle awaits!
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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