1467 WALNUT CREEK Drive
About This Property
Enter through the ornamental gate to the lovely pavered courtyard, passing the guest suite and summer kitchen on the way. The home has an open floor plan with wood floors, island kitchen, large pantry, gas fireplace, and custom built-in wall units in master bedroom. Convenient remote controlled blinds on master BR patio door. Large covered patio leads to a spectacular heated pool. Solar cover and swim tether included. Separate (2 rooms & bath) guest suite can be used as BR 4 & 5, office, or exercise room(s). Wired speakers inside and on patio. Washer and Dryer included. Amenities abound in this resort-style community as well. Enjoy Golf, Soccer, multiple themed Pools, Tennis 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%.
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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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About Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017