Experience luxury lakefront living in this newly constructed
Olympus model in Apex at Avenir. This exceptional two-story
residence offers 5 bedrooms, 5.5 baths, a first-floor den,
second-floor loft/media room, and a 3-car garage. Designed with
sophistication in mind, the main level showcases large-format
stone-look tile, while warm wood flooring enhances the upstairs
living areas, complemented by neutral-toned carpeting in the guest
suites. The expansive first-floor primary suite serves as a private
retreat with ample space for a sitting area, dual walk-in closets,
and a spa-inspired bath featuring separate vanities, a dressing
station, a freestanding soaking tub framed by a picture window, and
a glass-enclosed shower with floor-to-ceiling tile and bench
seating. Upstairs, four generously sized guest bedrooms each
enjoy the privacy and convenience of their own en-suite bathroom
and are centered around a spacious loft/media room. Outdoors, enjoy
tranquil lake views, a resort-style pool, cabana bath, and gas stub
for a future summer kitchen, creating the perfect setting for
year-round entertaining.
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.
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