15738 Aurora Lake CIRCLE
About This Property
55+ community! This 3 bedroom, 2 bath Julia model – with a peaceful, panoramic water view –
offers many attractive features. The generously sized screened front patio provides additional
outdoor space where you can relax/entertain on lovely Florida days. Upon entering you are
greeted with a 12' tall foyer ceiling and a spacious, open, split bedroom, flowing floor plan.
There are 9 ft. tall ceilings in other rooms of the villa. Ceramic 18x18 tiles are installed in the
kitchen and baths, high quality wood-like warm laminate flooring is featured in the great room,
and the bedrooms are carpeted. Maple kitchen cabinetry is complemented with roll-outs, granite
countertops and a ceramic backsplash. The countertop is extended to a serving bar that could
accommodate 3 barstools. All appliances are upgraded and a new microwave was installed in
2022. The siizeable kitchen also offers room for casual dining. The primary bedroom located in
the back of the villa has a beautiful, scenic view of the pond. It also has two large walk-in
closets and an ensuite bathroom with two separate vanities. The 8 ft. sliding door off the great room
leads to a screened back lanai with beautiful nature and water views that reflect the colors of the
sky throughout the day. Wildlife, including exotic birds, are often present. Pavers on the back
are extended an additional 3 feet which can accommodate additional seating or a grill. The
utility room comes equipped with a washer and dryer, built-in utility sink and additional cabinets
for storage. Recent upgrades in the house include: Carrier HVAC installed in 2021 and new
water heater (2022). This home is equipped with a water softener system and hurricane
shutters. Recessed lighting in the great room was added as a builder's upgrade and fans are installed
in each room. The home is vacant and ready for new owners and their decorative ideas. Valencia Lakes is a 55+ active adults golf cart community. 40-acre waterfront outdoor recreation area offers resort-style heated pool, lap & resistance pool, 40,000 sq. ft. clubhouse, arts & crafts studio, har-tru tennis courts, fitness center, half court basketball, pickleball & bocce courts, dog park, baseball park, hundreds of clubs and activities, RV/boat storage area. Deluxe bistro is coming soon. Over 100 acres set aside as nature preserves; enjoy the quiet and solitude of peaceful views, birds and wildlife by the water edges. More than 3 miles of bike and walking paths. Great sense of community! Tampa, St. Pete and Sarasota are 25-45 minutes away. Close to the airport, medical facilities, shopping & golf.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Wimauma
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017