3490 Cedar LANE
About This Property
This charming villa offers maintenance-free, resort-style living, with the feel of a single-family home, but without the high costs. NO condo assessments here-and a low monthly HOA fee of only $227! The villa is nestled in a prime location within the community and is NOT in a flood zone or evacuation zone, providing peace of mind.
Inside, you'll find an attached one-car garage that provides direct access into the laundry area and a bright, open kitchen with an eat-in space. The spacious primary bedroom features a large walk-in closet and a private bath with a bathtub, while the guest bath includes a walk-in shower. The guest bedroom offers a spacious walk-in closet, two windows for natural light, and two full-size Murphy beds for added flexibility.
Step through the cozy, enclosed screened-in front porch and enjoy additional storage with pull-down attic access in the garage. Recent updates include a new roof (2020), newer appliances, and a new water heater (2023).
Don't miss the chance to own this beautiful villa in the vibrant Highland Lakes community-where Florida living truly shines!
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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