5180 NW 41st LOOP
About This Property
Model home upgrades include quartz countertops and hard tile floors throughout, with wood floors in the den and laundry room, ceiling fans, double ovens (one has convection option) and a microwave (with convection), wood accent wall in the master bedroom, built-in shelving/desk in the den, tiled shower in the master bath, tile around the tub in the guest room (no inserts!) Pavers in the back yard match the driveway pavers. House is set up for a security system.
Owner added upgrades: Whole house generator by Generac ($12,000); New fence by Ocala Fence ($12,000); Screened in porch that runs the width of the house by Superior Aluminum ($2600); Whole-house water softener system with Reverse Osmosis at the kitchen sink plumbed to the refrigerator by Kinetico ($6500); New blinds/verticals ($2600); New comfort-height, soft close toilets by Koehler ($600); Lifetime termite mitigation by Massey ($500), along with a yearly pest spray contract with Massey that is transferable, if desired. All appliances stay with the home, including the washer/dryer and a 60" flat screen TV.
Ocala Preserve is golf cart friendly with amenities that include a deep lap pool, zero entry social pool, hot tub, gum, private spa with tailored programs, restaurant/bar, golf course (green fees apply), pickleball, tennis, bocce courts, outdoor fitness station, 2 dog parks, and more. There are paved pathways throughout the community. Resort style living at its best!
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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