17999 Modena Road
About This Property
The updated kitchen serves as the heart of the home and is complemented by new appliances, generous cabinetry, and a seamless connection to the main living areas. Bathrooms and the laundry room have also been tastefully updated, with the laundry room offering extra storage for added convenience. The home's easy flow and well proportioned spaces create a welcoming atmosphere that feels both comfortable and refined.
Step outside to a very private back lanai that feels like a personal retreat. A sparkling pool and spa are paired with an outdoor kitchen, making this space perfect for relaxing, entertaining, or enjoying quiet evenings surrounded by lush privacy. An expansive driveway, along with a large side and backyard, provides additional outdoor space rarely found and enhances the home's overall appeal. Storm Smart hurricane shutters offer added peace of mind, blending function with thoughtful design.
Located within the award winning Miromar Lakes Beach and Golf Club, residents enjoy access to world class amenities including a private freshwater beach, boating and water sports, championship golf, tennis and pickleball, a full service spa and fitness center, and multiple dining venues. This Tivoli residence presents a wonderful opportunity to enjoy the best of Southwest Florida living in a refined yet relaxed setting.
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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%.
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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 Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017