Walk to the beach! Lake-view home in a quiet neighborhood and
cul-de-sac. This newly renovated 4-bedroom, 3.5 bath, 2,700 sq. ft.
home delivers indoor-outdoor living with water view of Lake Olympus
and a quick walk to the beach. The property combines privacy,
luxury, and prime location. Key Features include brand new
renovation, warranty for brand new roof, premium finishes
throughout, large format porcelain tile flooring throughout,
Cristallo quartzite on large island in brand new kitchen, new LG
appliances, pool overlooking the lake. Spacious layout with open
living spaces, fireplace and coastal-inspired design. Move in
ready. A must see! All Information is deemed to be reliable,
but is not guaranteed, Buyer to confirm all information and sizes
on their own.
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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