Some homes simply have a setting you can't recreate, and this is
one of them. Situated on an oversized homesite with a beautiful
long lake view, this Pulte Medina model in the gated community of
Verde at Babcock Ranch offers the space and waterfront backdrop
that make this home especially appealing. The lake becomes part of
the experience from the moment you walk inside. On those gorgeous
Florida days, open the front door to the screened entry vestibule
and slide open the doors to the screened lanai, and the home comes
alive with a refreshing cross breeze that travels from front to
back, carrying the fresh air right through the living space. Both
the screened front vestibule and screened lanai are already in
place, features not included with the new-construction homes and
costly additions for a buyer to complete after closing. It's the
kind of indoor-outdoor living Florida was made for; doors open,
curtains moving, fresh air flowing, and that long lake view waiting
just beyond the lanai. Enjoy your morning coffee overlooking the
water, unwind at the end of the day, or simply sit back and watch
the herons, egrets, and other wildlife along the shoreline. The
oversized lot and expansive view down the lake create an open,
spacious feel with plenty of room between you and your
surroundings. Inside, the kitchen features quartz countertops, gas
cooking, stainless steel appliances, and soft-close cabinets and
drawers with convenient pull-outs for easy-access storage, while
the main living area keeps that beautiful lake view front and
center. Both secondary bathrooms feature sliding glass tub doors,
another added finishing touch that is not included with the
new-construction homes. Smart-home features add modern convenience,
while impact-resistant windows provide valuable storm protection.
The home is also located outside of a designated flood zone,
another advantage for Southwest Florida homeowners. And then
there's the Babcock Ranch lifestyle. This solar-powered town was
created around outdoor living, with miles of walking and biking
trails, lakes, parks, recreation, community events, Founder's
Square, the growing Midtown area, Publix, restaurants, shopping,
and its own schools. You may find another Medina, but finding one
with an oversized homesite, long lake view, and these
already-completed additions is a different story. If the view,
homesite, and value of having these features already in place
matter, this is one you'll want to see. One or more photos have
been virtually staged.
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.
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