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4804 BOSTON COMMON GLEN
About This Property
The backyard is the reason to come see it. Oversized covered lanai, a pool with a tanning ledge, and a large waterfall feature tucked in so privately you forget you are right in the middle of Lakewood Ranch. Photos do not do this one justice. You have to stand out there.
Central Park was built around the kids. Fenced splash park, adventure playground, and big fields for baseball, soccer, and football. Covered pavilion with grills for birthday parties. Tennis courts, two dog parks, a community pool, and trails through the neighborhood. Gullett Elementary and Lakewood Ranch High are just outside the gates.
You get the central location people want. Lakewood Ranch Blvd, Main Street, UTC, I-75, and an easy shot to the beaches. Then you open the sliders and it gets quiet. Neighbors are not part of the pool view. Morning coffee, late swim, kids on the tanning ledge, waterfall running in the background.
Come walk the lanai first. That is the part you will remember.
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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