Chic, Modern Residence artfully crafted by award-winning Albanese
Home Builders, sited on an oversized corner lot in sought-after
Lighthouse Point. Light-filled interiors reveal 3 bedrooms, 3.1
baths, a private office & 2,805± SqFt of refined living. The chef's
island kitchen showcases Thermador refrigerator, freezer, gas range
& double wall ovens, complemented by a bar with dual wine coolers.
Wide-plank oak floors grace the bedrooms while Italian porcelain
flows throughout the main living areas. Additional highlights
include a 3-bay garage, 24KW gas generator, tankless gas water
heater, impact windows & doors, and Control4 home automation.
Outdoor living is perfected with a resort-style heated pool & a
large covered loggia with summer kitchen & roll-down screens.
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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%.
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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