One-story home in immaculate move-in condition in Crescent Lakes!
Brand-new roof! Spacious floor plan features 3 bedrooms, 2 baths,
large living room with vaulted ceilings and built-in
cabinetry and shelving, formal dining room with storage
cabinet. All closets are custom fitted. Kitchen offers granite
counters, stainless steel appliances including a new range, and
opens to the living area. Private backyard with peaceful lake views
from patio. Additional features include phantom screen front door,
freshly painted exterior, raised bathroom vanities, tile flooring
throughout main living areas, carpet in the primary bedroom,
accordion hurricane shutters, utility sink in the garage, and more.
Gated community amenities include a clubhouse, pool, fitness
center, tennis courts, and billiards.
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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