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Map
162 HATTER Drive
About This Property
Floor space of what typically is the third bedroom for this size home, was distributed into the living areas. The lanai features tiled flooring, is wired for sound, plumbed gas line and is wired for a TV. The expanded garage (23 foot width and 28 foot depth) with updated garage acrylic flooring, also features storage lockers. The exterior of the home features updated landscaping and security lighting, and a large front porch. This is one of if not the largest two-bedroom floor plan of all the Nocatee 55+ communities At 2271 sq feet, the home is comparable in size to the Artisan Lakes three-bedroom models. The lot is "high and dry" with an elevation of 29 feet, and is built to sustain 130 mile per hour hurricane winds, negating the need for storm shutters.
The Artisan Lakes community features excellent amenities to include an on site administrative manager, full clubhouse and fitness center, a zero entrance pool, a hot tub, pickle ball courts, bocce ball courts, and a community fire pit, which can be seen on the ArtisanLakesHOA.com site. All landscape services are provided by the HOA. Of course, the Nocatee world class amenities are also included that contribute to the Nocatee neighborhood being the third fastest growing community in the US. The golf cart community features an extensive network of cart paths allowing access to grocery stores, shopping, medical support facilities, restaurants, all within the confines of the planned community. This house will not last long!
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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