3466 Vanderbilt Drive
About This Property
Oakmont Estates is a beautiful, gated community of 202 homes surrounded by two lakes primely located in the highly desirable 441 corridor of the Village of Wellington. Community amenities include a 2024 updated clubhouse, heated community pool, spa, cabanas, playground, exercise room, tennis/pickleball court and basketball court. Trader Joe's, Whole Foods, Wellington Regional Medical Center, Wellington Green Mall, hundreds of shops, casual & fine dining less than 5 minutes from the community! Excellent A-rated schools & Polo/Equestrian nearby. Close to the Turnpike for an easy commute.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017