20451 Chapel Trace
About This Property
This home offers three large bedrooms plus a sizable den and three full bathrooms. It is loaded with spectacular upgrades and features, including an oversized circular driveway with a side-load three-car garage, impact glass doors and windows, a whole-house generator, an outdoor fireplace, an elegant, renovated chef's kitchen with natural gas, 20-inch neutral tile, and an exceptional custom garage with storage racks, built-in cabinets, and epoxy-coated flooring.
West Bay offers something for everyone and every lifestyle, including a private beach club with full-service dining options, championship golf, a resort-style pool with restaurant, active tennis and pickleball programs, bocce courts, a private dog park, and state-of-the-art fitness facilities. West Bay's River Park is located on the Estero River and features a fishing pier, boat launch with Gulf access, boat storage, kayaks/canoes, picnic areas, a basketball court, a playground, and a walking trail.
The community of West Bay is ideally located west of 41 and surrounded by numerous dining, shopping, and entertainment options. Do not miss your chance to purchase this beautiful home immersed in an incredible lifestyle!
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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