396 STONE RIDGE Drive
About This Property
Enjoy the privacy of having your Master bedroom downstairs. 3 bedrooms upstairs (including another Master/Guest suite) and spacious loft.
Entertain family and friends in this open space with high ceilings and plenty of natural light! Sliding glass doors in the Living room open to a beautiful lake view... Brand new outside kitchen with large paver patio and firepit...will make you feel like you are on vacation all year long!
Stainless steel appliances, smart refrigerator, beautiful granite counter tops, master shower covered in stones imported from Brazil, marble accent wall are just a few of the exclusive details you will find! In Twenty Mile at Nocatee, all residents have access to a community center with village green for events, leisure pool, activity pool, children's pool, fitness center, dog park, playground, and multi-purpose courts for soccer, volleyball, basketball and tennis. All amenities are a walk, short bike ride or golf cart cruise away! Enjoy easy access to the brand new K-8 school, Pine Island Academy, US1, & the Nocatee Kayak launch. As a Nocatee resident, you will enjoy a fantastic lifestyle that includes Splash Water Park, Greenway Trails, planned Community Events and two Intracoastal Kayak Launches. In addition, Nocatee just opened brand new amenities last summer including new water slides and an adult pool!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017