4015 Silk Oak LANE
About This Property
Complex has a pool with small cabana area for friends and neighborhood gatherings. Low HOA of only $260/month includes lawn maintenance, garbage, exterior pest control, access to Oakmont community pool, access to private Lansbrook park, yearly mulch, exterior house painting every 8 years, & roof cleaning every 4 years. Enjoy the Lansbrook private park on Lake Tarpon, with large gazebo for private parties, small picnic areas with grills, fishing dock, & boat launch. There are many walking trails throughout the subdivision. Lansbrook is situated on the East Lake corridor with plenty of shopping, banks, restaurants and easy access to the airports, St. Petersburg &Tampa.
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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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About East Lake
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$2,150 /mo
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$2,250 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017