WATERFRONT LIVING Stunning gated waterfront estate with incredible
lake views and exceptional privacy-no homes directly in front or
behind. This home is 10 years newer than many others on the lake
and offers elevated finishes throughout, including plantation
shutters, extensive moldings, vaulted ceilings, wood beams,
built-ins, and a dramatic two-story decorative fireplace. The
gourmet kitchen is designed for serious cooking and entertaining
with granite countertops, large island, chef's walk-in pantry,
48-inch range with 6 burners and grill, double ovens, and custom
gas appliances. The spacious primary suite captures beautiful lake
views and features a luxurious bath with walk-in shower. Two
ensuite bedrooms are located on the first floor, and every bedroom
offers its own bath and walk-in closet. Additional highlights
include a custom media room, over 900 square feet of attic space,
outdoor living with built-in grill, new roof, tankless water
heater, and close proximity to Lakes Tennis Academy and pickleball.
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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