20432 Ardore Lane
About This Property
The beautiful community of Bella Terra has 999 acres, 400 of which are conservation preserves, 100 acres of lakes and some of the lowest fees around. Amenities include a Resort-style Clubhouse, 24-hour fitness center, bingo, boot camp, water aerobics, poker, cards, food truck nights and activities for all ages, resort style pool and spa, secured, shaded children's play area, sand volleyball, tennis, pickleball courts with in-ground nets, basketball, softball, kids soccer leagues, bocce ball, in-line skate rink, a peaceful butterfly garden and more! Bella Terra is centrally located with easy access to RSW, FGCU, I-75, Miromar Outlets, Gulf Coast Town Center and the Coconut Point Mall, Sanibel Island, Ft Myers Beach, Restaurants, Hiking, Entertainment, Boston Red Sox and Minnesota Twins Spring Training. The list goes on and on. Priced to sell!
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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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About Lee
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$3,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017