6088 Warwick Hills Way
About This Property
1,883 Sq. Ft. 3 bedroom, 2 ½ bath
This spacious and inviting two-story Muirfield model in the beautiful Sun Lakes Country Club features Seller-Owned Solar and other thoughtful upgrades. The first floor offers an open floor plan, cathedral ceilings, a chandelier, separate dining and living rooms with large windows and a sense of elegance. The one-half bathroom is conveniently located close to all rooms. The primary ensuite has a walk-in closet, double sink vanity, walk-in shower, and private commode room. The kitchen features a breakfast nook and island with a bar, perfect for casual dining and an adjacent cozy den with a gas fireplace and a slider to the side patio with beautiful landscaping, new Alumawood patio cover and a gate. A beautiful staircase opens to the second floor with cathedral ceilings and ceiling fans with a roomy loft area, one bedroom and one bath. There is an attached two-car garage with a workbench, shelving, and golf cart space. The home has been thoughtfully upgraded with laminate flooring, kitchen countertops, stove, and blinds enhancing the interior. Newer upgrades include new interior paint, air conditioner, refrigerator, dishwasher, and washer. Outside upgrades include new exterior paint and newer Owner-Owned Solar, Astroturf lawn, and Alumawood side patio cover. Sun Lakes is a 55+ Active Adult gated and guarded community with amenities including 18-hole golf course, driving range, putting greens, pickle ball courts, pools/spas, pools/spas (one is indoors), two restaurants, full bar, lounge, veranda, bocce courts, three gyms, craft room, billiard room, ballroom, and over 70 Clubs to join for those interested. Live entertainment on most Friday and Saturday nights. Internet and cable are included with HOA dues.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 5, 2024 | Listed by COLDWELL BANKER REALTY | $393,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017