42290 Journey Drive
About This Property
The attention to detail in the finishes throughout the property is evident from the moment you step inside. The kitchen is a chef's delight with granite countertops, stainless steel appliances, gas cook top and a custom backsplash that adds a touch of elegance. The master suite is a true oasis, with sophisticated tile work, a dual sink vanity topped with granite, a spacious walk-in closet, and a large shower. Rest assured of a good night's sleep in the owner's suite, complete with a king "Sleep Number" mattress, ensuring personalized comfort.
Outside, the lanai and heated pool area offer a serene escape with views of the glistening lake and a grassy backyard, perfect for hours of relaxation. You'll love the 10 choices of colors offered with the pool lighting. The community amenities add to the resort-like feel, including a pool, fire pit, and clubhouse. Babcock Ranch is known for its vibrant community life, with events, food trucks, concerts, and art fairs regularly taking place. Convenience is key, with everything from grocery stores to dining options, health services, and even a Starbucks nearby. Whether you're looking for an investment opportunity or a place to call home, this property is ready to provide a luxurious lifestyle every day. Welcome to resort living at its finest!
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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 Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017