5514 Mulligan WAY
About This Property
Explanation of Lakewood National fees - Golf membership is mandatory - for 2023 annual membership is $5241 - dues are payable in advance on Jan 1 each year - Lakewood Ranch CDD $2984 per year - lawn maintenance $139 month - minimum annual food spend is $500 - this will increase to $750 once the fine dining facilities open - all resales currently pay a one time capital contribution fee of $2500 - (similar to a one time initiation fee) - this one time fee increases to $5000 on Jan 1 2023
BROKER DISCLAIMER: ALL INFORMATION SUPPLIED HEREIN BELIEVED TO BE ACCURATE - BUYER MUST CONFIRM ALL INFORMATION SUPPLIED HEREIN AS PART OF THEIR DUE DILIGENCE PROCESS - BROKER ASSUMES NO LIABILITY FOR ANY ERRORS OR OMISSIONS
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Cap Rate Calculator
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