Spectacular lake views set the scene at this 4-bedroom lakefront
home in gated Promenade West at The Forum in Fort Myers. With
approximately 2,773 square feet of living space, two separate
downstairs offices and an inviting two-story layout, there's room
to work, gather and unwind. Expansive sliding glass doors bring the
water views into the living areas and open to a spacious screened
lanai-an ideal setting for morning coffee or relaxed evenings by
the lake. Inside, bamboo and tile flooring add warmth and
character, while the kitchen features granite countertops,
stainless steel appliances, a breakfast bar and an under-sink
reverse osmosis drinking water system. The spacious primary suite
enjoys its own lake view and a bath with dual sinks, a soaking tub
and separate shower. A formal dining area, family room, laundry
room and attached two-car garage. New Trane HVAC system. Enjoy the
gated setting of Promenade West at The Forum, with shopping, dining
and daily conveniences nearby and access to I-75 via Colonial
Boulevard. Come experience the view and the versatility of this
Fort Myers waterfront home in person. The owner is allergic to
cats. The cat that has adopted the lanai has never been in the
house.
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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