Welcome to this beautiful 2 Bedroom 2 Bath waterfront property in
the desirable gated 55+ community of Cypress Lakes! This
wonderful home with amazing lake views has it all! Some of the many
updates and features include Montalcino Porcelain Tile flooring
thru-out, beautifully updated kitchen which includes white shaker
cabinets, Pantry, Quartzite countertops, tile backsplash, modern
pendant lighting over peninsula counter and stainless steel
appliances. There is recess lighting thru out home as well as 5
inch baseboard trim. Also, both bathrooms have been remodeled. The
primary bathroom includes Corian counter vanity with unique dual
vessel sinks, porcelain flooring, tiled shower with bench seat. The
secondary bathroom includes Corian counter vanity with vessel sink,
modern tiled shower with bench seat and porcelain flooring.
Other features include Split floor plan, Front door and front
windows are high impact & hurricane proof, Security System,
motorized retractable garage door screen, lots of storage and
shelving space in the garage, Cul-De-Sac Street and large rear
concrete patio, perfect for relaxing or entertaining while
overlooking the serene lake views and so much more! Cypress Lakes
has everything to offer the active adult lifestyle with an
impressive array of amenities including an 18-hole par-3 golf
course, fitness center, putting green, miniature golf, community
club house, heated Olympic style pool, hot tub, sauna, tennis
courts, billiard room, game room, shuffleboard, bocce courts,
pickle ball courts and a variety of social clubs and events. The
monthly maintenance fee provides exceptional value and includes
lawn care, cable and internet. Solar panels on rear exterior of
roof add additional savings on those high electric bills!
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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