5201 Nicholas Drive
About This Property
Home is bright and airy in the beautiful Cypress Lakes community. Sitting in a Cul-de-sac, this home offers an updated kitchen with newer appliances and tiled floors throughout. Home is a blank canvas for your personal touches with a large family room, A/C 2015, and all the windows have hurricane protection. Covered back patio to enjoy your day directly facing the lake and clubhouse. The interior of the property will be painted as soon as all the furniture is removed. Do not miss the opportunity to own this beautiful home! Cypress Lakes is a 55+ gated community and offers resort-like amenities, activities, and Golf courses all year round. Some amenities are tennis courts, boccee court, miniature golf course, pool, Jacuzzi, gym, game rooms, and more. Association fees include basic cable, internet, lawn care, and all amenities. No rentals for the first two years. This community is centrally located close to shopping, dining, and entertainment. Short drive to PBI Airport, train stations, exits to I95 and Turnpike, short drive to beautiful beaches and parks.
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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.
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About Cypress Lakes
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$2,500 /mo
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$2,000 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017