Affordable, close-in, and quiet - this lovingly cared-for
single-family home sits on an extended corner lot overlooking a
lake, less than four miles from Olde Naples' famed Fifth Avenue
South. The big-ticket items are handled: a roof replaced in 2017,
AC 2019, and clear hurricane panels for protection. The corner lot
delivers real privacy, with a beautiful lawn, mature trees, and a
huge covered lanai made for year-round outdoor living overlooking
the water - with room to add a pool. Keep the lawn looking
beautiful without a big water bill - the irrigation is from a well
(pump replaced 2 years ago) and the irrigation system was replaced
3 years ago. Car enthusiast or hobbyist? The oversized 28'-deep by
20'-wide garage comes with a workbench, built-in storage, and a
slop sink. The home is priced to let you make it your own and build
equity along the way, and comes with a one year home warranty for
the Buyer. Crown Pointe is a wonderful community with low HOA fees,
a clubhouse and large pool overlooking a 38-acre lake, gathering
room, workout room and sauna, and tennis and pickleball courts.
Publix supermarket and restaurants are within walking distance at
Kings Lake shopping center. Come see this great combination of
location, space, and potential for yourself.
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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