Location, Location, Location! Situated on a premium lakefront lot
with no back neighbors, this popular K. Hovnanian open floor plan
offers 5 bedrooms, 3.5 baths, and a 3-car garage. Light and bright
throughout, the home features stunning lake views from the living
room, kitchen, and primary suite. The chef's kitchen is designed
for entertaining with a massive granite island, breakfast bar,
upgraded sink, and abundant storage and workspace. The spacious
primary retreat includes a luxurious bath with dual vanities, a
soaking tub, and a large separate shower. Enjoy peaceful views of
the lake and surrounding green space from your backyard. Community
amenities include lakes, a resort-style pool, fitness center,
clubhouse, sports fields, and numerous playgrounds, offering
something for everyone.
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.
Interior Features: High Ceilings, Vaulted Ceiling(s), Formal Entry/Foyer, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Water Heater, Disposal, Refrigerator, Gas Oven, Microwave, Gas Range, Dishwasher, Instant Hot Water, Dryer Included, Washer Included
Flooring Type: Carpet, Tile
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Construction Materials: Brick, Other, Stone, Wood Siding
Patio and Porch Features: Covered, Patio
Lot Features: Back Yard, Subdivided, Waterfront, 0 Up To 1/4 Acre
Lot Size Area: 0.207
Lot Size Units: Acres
Lot Size Acres: 0.207
Lot Size Square Feet: 9016.92
Water Source: Public, Water District
Financial Details
Tax Annual Amount: $11,954
Utilities Details
Cooling Type: Ceiling Fan(s), Electric, Zoned
Heating Type: Natural Gas, Zoned
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Fitness Center, Jogging Path, Park, Party Room, Picnic Area, Playground, Pool, Trail(s), Garbage Service, Pond, Stocked Pond
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