Welcome to 236 Lake Coventry Drive, an elegant Colonial nestled in
the Lake Coventry community with the pond directly behind the home.
TAMKO Metal Works Steel Roof! A lofty two-story foyer
makes a lovely first impression and leads to formal living and
dining rooms that offer inviting spaces to gather and entertain.
The eat-in kitchen features high-end appliances, ample cabinetry,
and a center island, while the adjoining breakfast room opens to
the deck and its exceptional water views. Just off the kitchen, the
family room is framed by windows overlooking the pond, creating a
comfortable place to relax and enjoy the setting along with a cozy
fireplace. A powder room, laundry room, and access to the attached
garage complete the main level.
Upstairs, the primary suite offers soaring cathedral ceilings, a
walk-in closet, and an en-suite bath. Three additional bedrooms and
a full bath provide comfortable accommodations for family or
guests. The customized, fully finished walkout lower level adds
another inviting living space with plush carpeting, crown molding,
warm recessed lighting, and built-in wall sconces. Step outside to
the fenced backyard and enjoy the picturesque pondside setting.
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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