Built in 2024, this pristine home pairs high-end design with the
fresh feel of a new build, all perfectly positioned just minutes
east of I-75. This expansive Olympia floor plan by GL Homes
features 4 bedrooms, a den, 5 full baths, and a loft, completely
elevated by high-end, post-builder customizations. Rich, dark
wood-look LVP flooring flows seamlessly throughout, replacing
standard builder options and creating a stunning contrast in the
bright, open gourmet kitchen. Featuring a massive island, premium
quartz countertops, gas cooking, and sleek under-cabinet lighting,
the kitchen flows effortlessly into an adjacent dining space. The
home boasts a dedicated custom den/office with premium built-ins,
an organized mudroom drop-zone, tailored built-in systems in both
primary closets, and upgraded automatic shades on the windows.
Perfect for entertaining, the living space opens to a large
backyard and a screened-in lanai. Rivercreek is a vibrant,
family-friendly community, featuring a 12,000-square-foot
clubhouse, resort-style pool, children's playground and splash
park, 4 tennis courts, 6 pickleball courts, basketball court, 2
bocce courts, fitness center, and indoor sports court-the ultimate
lifestyle in the perfect Estero location.
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.
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