Welcome to big-lake living in The Meadows of Crystal Lake! This
well-maintained 2-bedroom, 2-bath home offers approximately 1,470
sq. ft. under air, a 1-car garage and beautiful wide lake views
from the rear of the home. The bright, open living and dining areas
flow toward the water, while the spacious kitchen features ample
cabinetry, generous counter space and a stainless-steel
refrigerator. Enjoy the peaceful waterfront setting and plenty of
natural light throughout. Additional features include a 2019
central A/C, 2012 water heater and accordion hurricane shutters.
Located in an active 55+ community with cable TV and internet
included in the quarterly maintenance. Community amenities include
a clubhouse, pool, spa, fitness center, pickleball, tennis, bocce,
shuffleboard, billiards, game
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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