AMAZING CUSTOM MEDITERRANEAN HOME ON 1/2 ACRE ESTATE LOT W/ 170' OF
WATERFRONT ON CLEAR LAKE - COUNTLESS AMENITIES INCL. GARAGE CASITA,
5 CAR GARAGE, ELEVATOR, 200' PIER, BOAT HOUSE, POOL, SPA W/ GROTTO,
OUTDOOR KITCHEN & CABANA ROOM W/ CABANA BATH. STEP INSIDE TO
A GRAND FOYER W/ COLUMNS & GROIN VAULTED CEILING, 24/X48" TILE
FLOORS THROUGHOUT THE 1ST LEVEL, CONTEMPORARY LIVING SPACE W/ TILED
FIREPLACE WALL, BUTTED GLASS WINDOWS OVERLOOKING THE LAKE, GOURMET
KITCHEN W/ 12' ISLAND & WOLF 6 BURNER GAS RANGE, DINING W/ WET BAR,
OFFICE & HUGE PRIMARY SUITE W/ COFFERED CEILINGS, FIREPLACE &
UPDATED SPA BATH W/ STANDALONE TUB & GLASS WALK-IN SHOWER.
2ND LEVEL OFFERS 3 GUEST ROOMS W/ EN-SUITE BATHS, GAMEROOM W/
SUNROOM & MEDIA ROOM W/ THEATER SEATING. SEPARATE CASITA
OFFERS A KITCHEN & FULL BATH. ENJOY INCREDIBLE OUTDOOR
ENTERTAINING AREAS INCL A BALCONY, POOL, SEPARATE SPA W/ GROTTO
WATERFALL, EXPANSIVE VERANDA W/ OUTDOOR KITCHEN, CABANA ROOM & POOL
BATH, BOARDWALK & PIER W/ SUNDECK.
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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