1617 BLUE LAKE CIRCLE
About This Property
Inside, the spacious primary suite features his and her closets and a large bathroom with dual vanities, a walk-in shower, and a separate soaking tub. The chef's kitchen boasts granite countertops, an island, a breakfast bar, two pantries, and plenty of prep space. Three sets of sliders lead to an expansive 600+ sq. ft. lanai and birdcage, perfect for enjoying the Florida lifestyle. The second bathroom includes a convenient door leading to the backyard, making it ideal for a future pool. A large indoor laundry room with a folding table and cabinets provides extra storage and functionality. High-end finishes include plantation shutters, custom blinds, hurricane impact windows, accordion shutters, whole house surge protection, transfer switch for whole house generator and soaring 11-foot ceilings in the main living areas. This home is truly a gem-don't miss your chance 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.
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017