422 NW Springview Loop
About This Property
Entire home was just painted & all bedrooms newly carpeted.
Light & bright home w/ hurricane protection throughout.
Relax out back in the private screened porch w/ lovely & serene lake view.
Cascades offers a great 55+ lifestyle w/ a magnificent 26,000 sq ft clubhouse featuring ballroom, media room, 3 card rooms, billiards, craft center & library. Enjoy a resort style pool & spa, fitness center, tennis courts, pickleball, 9 hole golf, shuffleboard & bocce. Low monthly maintenance incl. yard care, cable, internet, & 24hr guard.
Close to shopping, restaurants, theaters, travel, medical facilities & NY Mets Spring Training facility.
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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 St. Lucie West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017