1486 WALNUT CREEK Drive
About This Property
A double-door entry welcomes you into soaring 12-foot ceilings and generously sized rooms. Main living areas and all bathrooms feature tile flooring, with carpet in the bedrooms and loft for added comfort. This one-owner home has been beautifully maintained and includes thoughtful upgrades such as custom closet organizers in the oversized primary closet and updated modern ceiling fans throughout.The spacious laundry room includes a deep sink, and the 3-car garage offers a floored attic for exceptional storage. Fully equipped kitchen with newer appliances overlooking a breakfast nook and spacious family room with wood burning fireplace. Double door entrances to large covered patio from the living room and family room in addition to being accessible from the primary suite. Located in the highly desirable, waterfront golf community of Eagle Harbor. Residents enjoy an impressive list of amenities: three resort-style pools, tennisand pickleball courts, a waterfront docks, multiple playgrounds, RV/boat storage, and a full calendar of community activities. Low annual HOA of $60 and CDD fee of $1,818.67 add to the appeal.
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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