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14071 Skye Terrace
About This Property
ROOF 2023
A/C 2018.
Come and experience the spaciousness of this home situated in Newport Cove, with a beautiful view of the lake. The open-concept floor plan boasts tile flooring, soaring vaulted ceilings, expansive living spaces, and a recently installed (NEW) roof. With whole-house accordion shutters, you can always feel secure and safe. The eat-in kitchen features granite countertops, perfect for preparing meals. The owner's suite overlooks the lake and has a remodeled en suite bath with dual sinks and a step-in shower. The glass-enclosed lanai with A/C provides a cozy spot for outdoor seating, dining, and entertaining. You'll have plenty of storage space with the ample laundry room with built-in cabinets. Newport Cove is a peaceful, welcoming community surrounded by lush landscaping and a serene lake. The clubhouse offers a swim, tennis, community room, and exercise studio, and you'll find nearby dining, shopping, recreation, and beaches.
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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%.
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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.
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017