6034 Shallows Way
About This Property
This immaculately maintained property features 3 bedrooms, a den, 2 baths, and boasts a private yard with SOUTHERN exposure. The home is complete with solid flooring, including tile and Brazilian cherry wood in the bedrooms. Window treatments, ceiling fans, and light fixtures have been installed. The kitchen has been updated with a light neutral palette, soft-close drawers, stainless steel appliances, an island, and light shaker cabinets, complemented
by an eat-in breakfast nook. Both bathrooms have some updates added. The home features high, open ceilings that allow for abundant natural light, and a *Bonus Space*-the Lanai has been enclosed to provide additional living space under air. The private backyard offers a lake view and ample space for a potential pool addition. Additionally, take advantage of the community's heated pool, fitness center, spa, and tennis courts (currently undergoing renovation). Wilshire Lakes is a highly coveted gated community located west of I-75, within an "A" rated school zone, including Vineyards Elementary, North Naples Middle, and the new Aubrey Rogers High School. Conveniently close to shopping on Vanderbilt Beach Road and just 4.5 miles from the beach. HOA fee does include both Cable and Highspeed Internet/Wifi and lawn service.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Feb 2, 2025 | Price Decreased |
$595,000
↓ $34K
(5.4%) | |
| Price Decreased | |||
| Jan 3, 2025 | No longer available | - | |
| No longer available | |||
| Dec 29, 2024 | Relisted | $629,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017