55 KINGSLEY CIRCLE
About This Property
The second bedroom and den/office share a convenient Jack-and-Jill bathroom featuring an accessible walk-in tub, and Bedroom 2 includes double closets for added storage. Note that the den/office could be a bedroom – just add a closet. Enjoy Florida living year-round in the expansive tiled, screened-in porch, with an adjacent outdoor patio perfect for grilling or relaxing. The kitchen nook is surrounded by windows overlooking the porch, creating a cheerful and bright space for morning coffee.
Curb appeal is enhanced by a circular driveway and attractive double-door entry. Inside, you will also appreciate the extra-large laundry room equipped with GE washer and dryer, a utility sink, and a double closet for storage. Additional features include ceiling fans, a newer Bosch dishwasher, newer Whirlpool refrigerator, newer hot water heater, and TVs that convey with the home. This well-maintained property is located in a highly sought-after gated community offering optional memberships for golf, fitness, tennis, swimming, dining, and more. Furniture is negotiable. Buyers of this home will receive a substantial discount on the club initiation fee - ask the listing agent for details.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017