446 Good Life WAY
About This Property
This beautifully upgraded 3-bedroom, 2-bathroom patio home offers stylish features and serene pond views from an extended lanai. Inside, enjoy 4" plantation shutters throughout, tray ceilings in the master bedroom and living room, and quartz countertops in the kitchen and bathrooms. The gourmet kitchen boasts all-white, soft-close cabinets with pull-outs, under-cabinet lighting, a full-height quartz backsplash, a gas stove, and KitchenAid appliances, plus a Whirlpool washer and dryer.
The master suite includes a custom Closet by Design walk-in, and all closets feature wood shelving for a polished look. The third bedroom, with a closet and French doors, is ideal for guests or as a home office. Durable vinyl plank flooring runs throughout-no carpet! Outside, the spacious lanai includes a grand view screen, privacy roll-down shades, patio lighting, a gas grill hookup, and scenic pond views. Additional highlights include an automatic blind for lanai sliders, an epoxy-coated garage floor, tankless water heater, rough-in for a water softener, and utility sink in the garage.
Latitude Margaritaville offers resort-style living with a fitness center, pools, on-site dining, and a complimentary shuttle service to the community's private clubhouse in Ormond Beach, as well as to the beach.
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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