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5388 Solway Drive
About This Property
When you open the doors, you are welcomed with vaulted ceilings open concept living and a beautiful view of the pond. The cross breeze and natural light is a bonus. This home has been perfectly maintained, updated kitchen with stainless steel appliances, granite countertops and new white cabinets with soft touch close. This home is perfect for entertaining or family gatherings as it is open dining room, living room, kitchen that lead out onto the extra large lanai that overlooks the pond. The 3 bedrooms are large and provide lots of natural light with views of the pond. Windows have plantation shutters for privacy. The community offers fishing pier, private beach access, heated pool and community pavilion with kitchen for entertainingThe community also share har tru clay tennis courts with adjoining community of South Shores. Furnishings are negotiable! Don't wait for your opportunity for a piece of Paradise
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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