Stunning "Sortino" 1-car garage villa with gorgeous lake view with
sparkling fountain feature. This immaculate and upgraded home
has 2 bedrooms / 2 bathrooms with oversized den. Custom
features include crown molding, impact glass throughout, electric
fireplace and built-in desk and shelving with undermount lighting
in den. Hi-hats, neutral ceramic tile flooring on the
diagonal, white wood kitchen cabinetry with decorator tiled
backsplash and granite counter tops, new refrigerator and range,
new washer and dryer, new A/C and hot water heater, new garage door
motor and rollers, epoxy garage floor, plus completely extended
screen lanai with motorized electric awning. This truly
beautiful villa also boasts designer fans, fixtures and window
treatments. Villaggio Reserve is an active 55+ community with a
38,000 sq ft clubhouse, a resort style pool, lap pool, kiddie pool,
jacuzzi, cafe, fitness room, classes, 6 newly designed pickleball
courts, 5 tennis courts, 2 bocce ball courts, clubs and so much
more!
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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