3665 Grand Cypress Drive
About This Property
Sit back and watch the golfers make birdies and pars. This beautiful Ascot model overlooks the 8th green. The spacious lanai has an outdoor kitchen, spa, and in-ground pool with a covered lanai. A chef's kitchen offers some upgraded appliances, maple cabinets with corian countertops. No carpeting in the home. Tile flooring in all the bedrooms, bathrooms, and main living areas. The tile roof was replaced as well as the gutters and downspouts after Hurricane Ian. The exterior was repainted in the last couple of years so virtually maintenance-free for many years. The third bedroom can also be used as a den. Total hurricane protection with an electric roll-down shutter and clear shutters for the windows. The AC has been replaced as well as the Hot Water tank. The owner has maintained the home well. This desirable plan is one you will enjoy for many years.
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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