451 Olympia
About This Property
The thoughtfully designed floor plan features two spacious bedrooms and two nicely sized bathrooms separated for added privacy and convenience. Both bedrooms offer large closets and ceiling fans. The bright, open kitchen features white cabinetry, granite tile countertops, and a new gas stove, while flowing seamlessly into the dining area and California Room.
Numerous upgrades include LVP flooring, crown molding, plantation shutters, newer bedroom carpet, a beautifully remodeled tiled primary bathroom, newer windows, an upgraded electrical panel, and a 20-panel solar system. The private gated backyard overlooks the golf course and features an Alumawood patio cover, dog run, direct access to the oversized garage, and a separate golf cart garage. RV parking is also available through the community for approximately $200 per year. Property is located near the spa house.
Panorama Village offers an exceptional active adult lifestyle with a low HOA that includes unlimited golf on the community's 9-hole executive golf course, a swimming pool, spas, clubhouse, indoor pickleball, shuffleboard, library, pool tables, dog park, and a variety of social activities. Low property taxes make this an even more attractive opportunity. Don't miss your chance to own one of Panorama Village's desirable golf course homes!!
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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