181 OLETA Way
About This Property
The homeowners have meticulously customized the home with wainscoting in the entry, shiplap walls in the cafe & tray ceiling in the dining room, custom beams & entertainment center in the gathering room, backsplash, vent hood & undercounter microwave in the kitchen, new lighting & fans throughout, new quartz vanities & fixtures in all of the bathrooms & a custom feature wall in the master bedroom. The tropical landscaping around the home was designed with easy maintenance in mind & includes outdoor lighting.
As you view this beautiful home keep in mind that the owners are open to selling furniture & home decor throughout the home under a separate transaction.
Palencia is a gated community that boasts miles of shady walking trails, a boardwalk to the intracoastal, numerous playgrounds & parks, putt-putt golf, tennis courts, fitness & amenity centers, family pool & lap pool, Arthur Hills-designed championship golf course, Publix grocery store, restaurants, shops and services. Don't miss living in this beautiful community!
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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