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23077 Addison Lakes Circle
About This Property
* BRAND NEW roof just completed. Assessment is paid in full.
* AC - 2015. Compressor & coils have been replaced.
* Water heater 2023.
* Washer and Dryer are EXCLUDED.
* Storm Protection: Impact windows, sliders & front door.
Accordion shutters too.
* AT&T fiber optics available for TV and Internet.
* Association states 55+ HOWEVER - 20% of the homes in the
community may be owned/occupied by ages UNDER 55 and
OVER 19.
* Pets are allowed with the following regulations: No aggressive
breeds or pitbulls. Maximum weight per pet is 40 lbs. Maximum
two pets.
* Association approval & interview required. $250 per applicant or
married couple. Please allow at least 15 days for approval
process.
* Rentals are permitted after 1 year of ownership. One rental per
calendar year for a minimum of 12 months.
* Homeowners are responsible for their own insurance.
* Association cleans the roofs periodically, however, each owner is
responsible for repairs and replacement.
* Monthly association fee of $375 includes cable, alarm, security
gate, lawn/landscaping, community pool, clubhouse & fitness.
* No commercial vehicles, boats RV's or trailers allowed. No
overnight street parking. Plenty of guest parking available.
Conveniently located to the Florida Turnpike, County Library, shopping, restaurants, parks, UPTOWN BOCA w/Whole Foods, many restaurants and shops and Town Center Mall.
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Cap Rate Calculator
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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About Addison Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017