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6073 ERICE STREET
About This Property
Meticulously maintained and truly move-in ready, this light-filled home features a desirable dual master suite floor plan, ideal for both everyday living and hosting guests. The spacious layout includes a formal dining area and a large open kitchen, complete with crisp white cabinetry and an oversized breakfast island-perfect for entertaining.
Triple sliding glass doors seamlessly blend indoor and outdoor living, filling the home with natural light and showcasing the tranquil water views. The primary suite offers a peaceful retreat with two closets, an en-suite bath, and picturesque lake views. On the opposite side, the secondary suite provides privacy for guests, with a door creating a separate, self-contained space with its own bathroom.
Additional highlights include a dedicated laundry/utility room with a sink and extra storage, as well as a generously sized lanai where you can unwind and take in serene water views and breathtaking Florida sunsets.
IslandWalk is famous for its amenities: 2 Clubhouses + Event Center, 2 Resort-Style Pools + Lap Pool, 12 Pickleball Courts, Har-Tru Tennis, Basketball, Dog Park, Playground, Miles of golf cart, walking, and biking trails over Venetian-style bridges, Community garden and endless clubs, events, and activities. All with low HOA & CDD fees, low taxes, no flood insurance required, and complete maintenance-free living! Plus, you're just minutes from the new Atlanta Braves stadium, Publix, restaurants, shopping, and more-all accessible by golf cart. Enjoy the best of Florida living in a vibrant, amenity-rich community-this is the one you've been waiting for!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017