16079 SUNNY DAY DRIVE
About This Property
impressive array of community amenities designed for all ages. Residents have access to a grand clubhouse, resort-style pool with lap lanes and spa, fitness center, poolside cafe and tiki bar, and professionally programmed social events. The active outdoor enthusiast will appreciate tennis, pickleball, volleyball, and bocce courts, an indoor basketball court, putting green, splash park, and playgrounds-all surrounded by scenic lakes and walking trails. Lorraine Lakes combines gated security, lush landscaping, and recreational diversity with proximity to top-rated schools, shopping, dining, and the Gulf Coast's beautiful beaches. This villa offers not just a home, but a lifestyle-elegant, comfortable, and rich with community amenities. Don't miss the opportunity to make it yours!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by KW COASTAL LIVING III | $415,000 | |
| Listed by KW COASTAL LIVING III | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017