Welcome to this attractive Single Family "Martinique floor plan"
for the price of some condo's in The Strand! Yes, your very
own four walls with no overhead noise transfer from an upper unit.
Meticulously maintained 2 bedroom + den, with it's own private,
charming outdoor space, complete with a dipping pool and spa. The
high ceilings throughout this residence truly make the home feel
like it's larger then it's square footage. All interior doors are
8' tall. Foyer ceiling is 15' high, with an incredible 12' being the lowest ceiling height in the home. All windows are
hurricane rated, with 10' sliders being storm rated. Transom
windows allow natural light to stream in and make this home bright
and pleasant. The roof was replaced in 2022, and the screened
pool enclosure updated. A new gutter system was installed in 2023.
Crown Molding is present in all main living areas. A convenient wet
bar/beverage area makes the living/dining area into an elegant
entertaining space. Just far too many great features to mention
here. Mango Cay is a charming enclave of single family homes
with a desirable location; it allows for quick access to the
shopping, dining and professional offerings nearby. Enjoy an active
country club lifestyle, complete with 3 beautifully maintained
9-hole golf courses, tennis, pickleball, all new fitness center,
and an impressive pool with lap lanes, newer bocce courts, as well
as a recently added croquet center and Island Bar for residents to
enjoy. The clubhouse next door to the Jr. Olympic pool houses two
upscale restaurants: one upstairs, and the downstairs Tavern 59
restaurant opens into botanical garden/outdoor wedding venue
location. The sugar sand beaches of the Gulf a straight shot down
Immokalee Rd.
Unit Size
1,802 Ft²
Days on Market
43 days
Land Size
-
Price per sqft
$394
Property Type
Condo
Property Taxes
$221
HOA Dues
$589
Year Built
2006
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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