Virtually Staged. Nestled in one of Palmer Ranch's finest gated
communities. This Pulte innovative Summerwood floorplan has high
ceilings and 8 foot doors. 4 bedrooms, 3 Baths. Spacious great
room. Separate den/office. A wonderful chefs kitchen with 5 burner
gas top range and stainless range hood. White solid wood cabinets
are accented by quartz counters, stainless appliances, and pendant
lighting. Large primary suite downstairs, with soaking tub, double
sinks with quartz counters, white cabinets, walk in shower and
large walk in closet. Two additional bedrooms and full bath. The
large laundry room has extra storage under staircase. Upstairs you
will find the huge loft and 4th bedroom, and full bath. Perfect for
media room, playroom or exercise room. Step outside to a private
setting overlooking sparkling heated, salt water pool. A great area
to enjoy friends and family gatherings while preparing your
favorite meals with your built in outdoor kitchen. Hammock Preserve
is a gated maintenance free community. Amenities include: tennis,
pickle ball, bocce ball, tropical community pool, tiki bar, fitness
center, club house, dog park. This is a prime location minutes to
the Legacy Trail, Costco, New Mall, Trader Joes, Whole Foods, fine
dining, and World class beaches.
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.
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