Located in the desirable gated community of Olympia, this spacious
two-story home offers an open and functional layout with 4
bedrooms, 2.5 bathrooms, a loft, and multiple flexible living
spaces. Features include a beautifully updated kitchen with granite
countertops and stainless steel appliances, oversized windows
bringing in natural light, and a spacious primary suite with
private balcony access. Enjoy a screened patio, accordion shutters,
and resort-style community amenities including a clubhouse, fitness
center, pools, sports courts, playgrounds, and more - all
conveniently located within walking distance to Wellington's
top-rated schools and near shopping, dining, and equestrian venues.
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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