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2878 Wyndham Way
About This Property
The porch and deck have a most sought-after southern view of the wide expanse of the lake in Wyndham. The salt-chlorinated pool is heated by both gas and solar and there is a spa and features to admire. The deck is brick-pavered and the entire area is screened. The covered porch has cypress wood ceilings with tray design and the stone-faced summer kitchen with a bar, a grill with infrared burners and a fridge.
A few features to note, the home has a new tile roof, installed March of 2022. The AC was also replaced with an upgraded Trane system. The house has impact windows and doors. The trim package is an upgrade with cabinet-grade hardwood material and 5/4 back band casing. There is a 22KW Generac whole-house generator, solar heating for the pool. Recirculating hot water throughout and an induction cooktop in the kitchen. This home is quality built in every aspect. If you can only look at one house, don't miss this one, it is sure to please.
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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%.
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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 Wyndham at Duran
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017