BRAND NEW ROOF! BRAND NEW WATER HEATER! 3/2/2 WATERFRONT HOME ON
OVERSIZED LOT IN EXCLUSIVE BAYWINDS PRICED BELOW MARKET VALUE!
Ready for some TLC to make it your own! Home features Accordion
Shutters, 2021 AC, tiled living area, Corian Counter tops & plenty
of storage. Priced to sell allowing buyer to chose bedroom flooring
and endless updates. Baywinds is a beautifully maintained exclusive
55+ community offering a multitude of activities, 24 hour manned
guard gate, and sidewalks thru out. They have 2 pools plus a
resistance pool. As of August 25, 2026, a buyer under 55 yrs may
purchase. Minimum resident 19+ yrs.The clubhouse renovations are
expected to be completed in 2027. Resort style amenities, Cable,
Internet, Alarm, lawn care, sprinkler care (water from the canal)
are all included. As of August 25, 2026, the 55+ requirement
is not met. A buyer may purchase under 55 years of age. No
permanent residents under 19 years of age. CLUBHOUSE RENOVATION
PROJECT has been approved. Since the assessment will not be in
affect until estimated completion in Spring 2027, the current home
sellers are unable to pay it off before/at closing. Special
assessment will be new owners responsibility in 2027.Installment
plan ($41/month over 10 years) or full payment ($3,600)
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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