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3617 AZURITE WAY
About This Property
Inside, the home showcases plantation shutters, custom closets and pantry shelving, upgraded kitchen appliances including a premium refrigerator and range, and an open layout that blends comfort with functionality. Natural light fills the living spaces while the East facing rear exposure creates peaceful mornings and cooler afternoons around the outdoor living area.
The backyard was designed to impress with LED lighting integrated into both the pool and pool cage, automatic roll down shades, and a custom gas fireplace that creates the perfect atmosphere for entertaining or relaxing year round. Even the garage has been extensively upgraded with epoxy floors, overhead storage, built in cabinetry, and a whole home surge protector.
Located in the maintenance free Indigo community by Neal Communities, residents enjoy resort style amenities including pools, pickleball courts, fitness center, clubhouse, social events, and lawn care included in the HOA fees. This is a rare opportunity to own one of the more extensively upgraded and beautifully presented homes currently available in Lakewood Ranch.
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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