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2147 Auburn Lakes Drive
About This Property
The primary suite offers tray ceilings, two walk-in closets, and French doors that open to the screened lanai. Completely renovated primary bathroom includes a oversized soaking tub, dual vanities, & a spacious layout designed for comfort and style.
The kitchen is well appointed with Corian countertops, stainless steel appliances, a center island, and a double pantry, providing plenty of storage. The interior of the home has also been recently painted, giving it a fresh, move-in-ready feel.
Bedrooms two & three share a convenient Jack-and-Jill bathroom, while the fourth bedroom features its own private bath that also functions as a cabana bath for easy pool access.
Step outside to enjoy the beautiful screened lanai with a pool overlooking the lake.
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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%.
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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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About Viera North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017