Nestled in the highly sought-after 55+ Southport community, this
sunny end-unit 2-bedroom, 2-bath condo is your chance to own the
best-priced home in the complex at just $500K. A highlight of this
property is the large unfinished walkout basement with multiple
windows and a 6-foot slider opening into the backyard-ready to be
transformed into a cozy retreat, workshop, or guest suite. Located
near a quiet cul-de-sac, offers ample visitor parking right across
the street. Inside, the home features a light-filled living-dining
area with wooded views, primary bedroom with en-suite bath, guest
bedroom with full bathroom nearby, and thoughtful design
throughout. Southport offers a resort-style lifestyle with access
to exclusive amenities, including a 9-hole golf course,
indoor-outdoor pools, fitness facilities, tennis, pickleball,
bocce, walking trails, and a vibrant clubhouse hosting countless
activities. Don't miss this chance to embrace this home's potential
and join a welcoming community.
Unit Size
1,338 Ft²
Days on Market
-
Land Size
-
Price per sqft
$374
Property Type
Condo
Property Taxes
$256
HOA Dues
$780
Year Built
1999
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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