1925 Isla De Palma Circle
About This Property
The den serves as a built-in home office with custom cabinetry, while additional upgraded features throughout the home include shiplap accents and enhanced LED lighting. Upstairs, a spacious loft offers a versatile bonus area that could be used as a fourth bedroom, media room, or playroom. It even has a large walk in closet!
Enjoy stunning sunsets from the screened lanai with a saltwater pool, spa, fountains, LED lighting, and iAquaLink phone app control. The garage features kitchen-grade built-in cabinets for extra storage. Bedrooms and great room are pre-wired for wall-mounted TVs. This property is not in a flood zone!
Saturnia Lakes offers resort-style amenities including a 12,000 sq ft clubhouse, fitness center, tennis courts, basketball, spa, pool, and more-plus 24-hour gated security and full lawn care. Ideally located just minutes from I-75 and Logan Blvd.
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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%.
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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 Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017