2283 Somerset Place
About This Property
As you drive up the 100' long driveway, you are greeted by lush landscaping illuminated by charming night lights. Inside, the open great room floor plan provides a light, bright atmosphere and generous space for entertaining. The home includes a range of high-end finishes such as plantation shutters throughout, 12"x24" tile floors, engineered wood floors in the den and primary bedroom, crown molding, special order lights & fans, and much more.
Notable amenities include a whole-house gas generator (2021), hurricane impact windows & doors, electric roll-down hurricane screen on the lanai, and a fully air-conditioned three-car garage. The chef's kitchen features KitchenAid appliances including a gas cooktop, wall oven, and wall microwave, ensuring both style and functionality.
Living in LaMorada means you have access to incredible community amenities, including a resort pool, hot tub, theatre, gym, culinary arts studio, pickleball, tennis courts, bocce ball, and a restaurant & bar. The location is prime, with just a 15-minute drive to Mercato, 20 minutes to the beach, and 30 minutes to Downtown Naples/5th Ave. Plus, with low fees, no golf fees, and no CDD, you can enjoy the best of Naples without the added costs.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017