Sprawling estate home enjoys private setting on half-acre corner
lot. NE front exposure and circular drive + side entry 3-car garage
facing NW. Unique location on 11th tee with views of 10th green.
Lovingly maintained interior features 4 bedrooms and 4 baths.
Inviting entry opens to living room with large stacked sliders
leading to covered lanai, providing seamless flow from the inside
out. Kitchen offers beautiful wood cabinets with custom lighting,
granite countertops, breakfast area, and easy access to formal
dining room and family room. Two guest bedrooms with ensuite baths
in one wing of home. On opposite end resides a spacious primary
suite and 4th bedroom, currently used as den. 4th bath acts as
powder room and cabana bath. Enjoy outdoor Florida living from the
covered lanai with retractable awning, bar area, and screened pool
& spa. Golf Memberships available. $50,000 Capital Contribution at
closing. HOA dues include social, tennis, pickleball, fitness
facility and club pool.
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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