20535 Black Tree Lane
About This Property
Outdoor living is easy here, with a view of the tranquil lake that serves as a perfect backdrop for morning coffee or evening relaxation while you and your family splash around in the pool or let your cares melt away in the spa.
Practical features abound in this home, including electric storm smart hurricane shutters and a convenient outlet for a portable generator hookup, ensuring peace of mind during inclement weather. A recently installed automated smart system for the pool equipment makes monitoring and controlling the pool & spa remotely a breeze. For those who appreciate fresh air, the garage is equipped with a pull-down screen, allowing for ventilation while keeping the space pest and debris free on breezy days.
The A/C was replaced in '22, water heater '21. This home provides not only comfort and style but also the best of Florida living, where community amenities and nature come together in harmony.
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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