19203 Pease PLACE
About This Property
of Lake Mary Lou. The pictures tell the story of this model quality 2 year old home with over $60,000 in upgrades from the original CalAtlantic plan. The home has 4 bedrooms, a bonus loft room and 3 full baths. The generously sized Main bedroom is complete with an ensuite that boasts an oversized shower and a large walk-in closet. This Smart home's upgrades include, upgraded counter tops, beautiful engineered hardwood floors and is filled with the latest technical features to bring comfort and ease to your daily life. Multiple picture windows, both upstairs and down, let in tons of natural light while affording full views of the peaceful waters of Lake Mary Lou. Enjoy the beautiful sunsets and panoramic lake view on the covered lanai with retractable screen for easy access to your extended patio that spans the width of the home. With direct lake access out your back door, you can relish in designing your own DOCK to experience all this peaceful nature inspired community has to offer.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017