550 Dreama DRIVE
About This Property
The clubhouse features an exercise room, library, billiard room and large hall with full kitchen (available to rent for private parties) where loads of community activities take place including Bingo half the year on Thursday nights and community holiday parties. Golf carts ok in community to drive on roads. Come live in this well sought after community and also enjoy the beautiful picturesque lakefront with 2 boat docks and picnic area.
Make this meticulously kept home your next home. 3br 2 bath 1620 sq ft. home with an additional 180 sq ft. centrally heated and cooled lanai. Open floor plan with a beautiful updated kitchen with center island stove top looking over a very spacious living room / formal dining room combo. Many improvement including the roof is less than 1 years old, the A/C unit was replaced in 2022, updated insulated windows and a central sound system throughout house. Spacious shed and a 2 car parking carport. The home is being sold fully furnished. A rare gem!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 14, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Listed by REAL BROKER, LLC | $229,000 | |
| Listed by REAL BROKER, LLC | |||
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About Citrus Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017