3597 Old Lighthouse Circle
About This Property
LOVINGLY CARED FOR HOME WITH BEAUTIFUL LAKE LOT IS PRICED TO SELL. MOVE RIGHT IN OR RENOVATE WITH YOUR OWN TASTE & PERSONAL TOUCH.
WONDERFUL 24 HR GUARD GATED COMMUNITY WITH SIDEWALKS, STREET LIGHTS, CLUBHOUSE, STATE OF THE ART EXERCISE ROOM, LIGHTED BASKETBALL COURT AND TENNIS, EXPANDED TOT LOT NEW BARBECUE AREA, COMMUNITY POOL & HOT TUB. LOW MONTHLY HOMEOWNER'S FEE OF $172/MONTH WHICH INCLUDES, EXPANDED BASIC CABLE, ALL RECREATIONAL FACILITIES , GUARD GATED ENTRANCE, POLICE PATROLLED SECURITY AND HOME SECURITY SYSTEM.
FANTASTIC LOCATION NEAR TOP RATED SCHOOLS, PARKS SHOPPING, INCLUDING "THE MALL AT WELLINGTON GREEN", BOTH CASUAL & FINE DINING, EQUESTRIAN ACTIVITIES AND WORLD RENOWNED POLO.
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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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About Orange Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017