161 TINTAMARRE Drive
About This Property
This home has ceramic wood tile throughout the common areas, including the master bedroom. Enjoy newly upgraded carpet in the bedrooms that offers a plush and inviting feel. The outdoor living space beckons you with its screened in lanai and extended paver patio that backs up to a serene wooded private oasis that includes tropical landscaping. Upgrades galore, including a custom mirrored closet in the foyer, added attic insulation above the garage, custom barndoor at the entrance to the guest suite, as well as an entire home water softener system. Included in the Windward Ranch lifestyle, enjoy access to a variety of amenities such as a zero entry, resort style pool, featuring cabanas and a cafe for snacks and drinks. Or head over to the top notch fitness center, pickle ball courts, basketball court, miniature golf course, and golf cart parking/ paths. Buyer to verify measurements.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017