3740 SUMMERWIND CIRCLE
About This Property
The split bedroom floor plan offers added privacy, with a large and serene master suite that will not disappoint. Step outside to your enclosed back patio, ideal for entertaining guests or enjoying a quiet Florida evening in the oversized screened lanai. One of the standout features of this home is the fully paid-off solar panel system, which dramatically reduces your monthly utility bills-providing long-term energy savings.
You'll love the lifestyle that comes with this value-packed property: ample living space, a fantastic location, access to a beautiful community pool, and low-maintenance living with an extremely low HOA fee. Plus, you're just minutes from world-class beaches, shopping, dining, and a variety of outdoor activities. This home truly checks all the boxes!
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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