Beautifully presented Oakwood model on a desirable corner lot in
the 55+ Meadows of Crystal Lake! This spacious 2BR/2BA home offers
1,456 sq. ft. under air, a split-bedroom floor plan, soaring
vaulted ceilings, formal living and dining areas, and an enclosed
Florida/family room. Freshly painted throughout, with gleaming
white tile floors that enhance the bright, open feel. The kitchen
features white cabinetry, bold red countertops and white
appliances. Enjoy an updated guest bath, impact windows and doors,
a 2012 roof, 2019 A/C and a one-car garage. Relax or stay active
with the community clubhouse, pool, fitness center and recreational
amenities. Move right in and add your personal touches to this
inviting home with room to spread out in this inviting 55+
community with so much to enjoy!
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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