422 Cannonball Lane #LOT2
About This Property
The second floor holds 3 additional bedrooms, each with their own bathrooms. Finally, at the top of the stairs, in the home's namesake tower is a cozy den surrounded by windows with breathtaking, panoramic views across the community and golf course.
The Watersound Origins community is a highly sought after neighborhood full of amenities including the Village Commons pool & fitness center, sports courts, miles of nature trails, dock access to Lake Powell, unlimited golf and much more. **Pricing for inventory homes include lot premiums and may include optional upgrades. Added options/upgrades and pricing are subject to change. Please check with your Watersound Origins community specialist for the latest upgrades and pricing for this home. Photos depict a different floor plan from Dune Construction but with similar finishes.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2023 | Listed by Berkshire Hathaway HomeServices | $3,145,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017