446 Cannonball Lane
About This Property
Each of the home's bedrooms includes a walk-in closet, ensuring comfort and function in every corner. Unique to this floor plan is the interior access to the spacious carriage house, a feature exclusive to this model in Origins. Perfectly suited for guests, extended family, the carriage house features a private bedroom, full bathroom, kitchenette, walk-in closet, and even its own washer and dryer. But it's the outdoor living that truly sets this home apart. Oversized sliding doors lead to a spectacular 12-foot-deep, covered porch with Cumaru hardwood decking, extending your living space into the outdoors. Overlooking the golf course and surrounded by native landscape, this private oasis includes a heated pool and spa, a cabana with an Isokern fireplace, a summer kitchen, and multiple areas for lounging, dining, and entertainingincluding a table that seats 10 or more.
Whether it's a quiet evening under the stars or a vibrant gathering of friends, this setting delivers effortless ambiance. Additional touches include a beautifully designed laundry room, custom garage slat-wall storage, and a lighting package allowance to personalize the space further. With no homes behind you and only green space and golf course views beyond, the setting is incredibly peaceful, especially in the evenings. Located in the highly sought-after Watersound Origins community, this home offers access to unmatched amenities, including a resort-style pool, fitness center, sports courts, nature trails, Lake Powell dock access, and the brand-new Watersound Town Center, featuring Publix, restaurants, healthcare, and a weekly farmers' market.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017