5823 CESSNA RUN
About This Property
The open layout is perfect for entertaining. The kitchen boasts GE Profile appliances, a gas cooktop, Keurig refrigerator, granite counters, and upgraded white glazed solid wood cabinetry. Triple sliders open to a private outdoor retreat with a built-in outdoor kitchen, salt water pool, spa, outdoor shower, and half bath.
Enjoy views of the 17th tee box of the Commander Course, host of the PGA Korn Ferry Tour. Hurricane-rated storm screens protect your furnishings and extend your outdoor living space.
If you're a golfer-or ready to become one-this is the place to be. Lakewood National features two top-ranked courses (Commander #1 and Piper #4 – Golfers' Choice 2022), and the golf professionals on staff are truly exceptional, whether you're looking to sharpen your skills or start from scratch.
Beyond golf, enjoy resort-style amenities including pickleball, har-tru tennis, bocce, state-of-the-art fitness center with spin and workout rooms, full-service spa, steam rooms, and saunas. Dine casually at the poolside tiki bar or elevate your experience at Deke's Clubhouse with private dining and social lounges.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017