Under contract-accepting backup offers. Virtually Staged. MAJOR
REDUCTION OF $20,000. Home is an Oxford model located in the 55+
gated golf course community of Kings Ridge. Very open floor plan
with1713 heated SF. a large great room, 2 BD/ 2 BA with a
den. Laminate flooring throughout the main rooms, primary bedroom
and den. The 2nd bedroom has new carpet. Newer roof as was changed
out in May 2018. The HVAC system is a Rheem replaced in 2017
approximately. There is a separate laundry room. The back
lanai has vinyl window & is screened. Enjoy the Kings Ridge
Royal life style in the multimillion $ clubhouse with 3
heated pools, spas, tennis & pickle ball courts, billiards, shuffle
board, shows, Bingo, cards and clubs galore. The monthly
maintenance fees include: lawn maintenance including trimming of
shrubs, care of irrigation system & irrigation water, Fibernow for
internet & cable TV, maintenance of roads and outside painting of
home every 7 years. Take your golf cart to the Kings Ridge Plaza
where you can do your grocery shopping, banking or dine out.
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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