Welcome to 611 Raven Dr, a beautifully maintained home in The
Groves at Lakewood Ranch offering thoughtful upgrades, smart-home
convenience, and a highly livable floor plan. With over $10,000
invested in home automation upgrades, this home combines modern
technology with everyday comfort. LVP flooring flows throughout the
home, while the kitchen features a dual oven and upgraded induction
cooktop. The spacious flex room offers versatility for a home
office, study, or additional living space and includes built-in
cabinetry with a granite countertop. The primary suite features a
grand walk-in shower and a well-appointed bath. Automated blinds in
the living room and motorized shades on the back patio provide
effortless control of light and privacy. Additional highlights
include a stylish wine bar, battery backup system, and a newer roof
installed approximately two years ago. The oversized three-car
garage provides abundant storage and workspace, while the covered
patio offers an inviting space for outdoor entertaining. With its
smart-home technology, extensive upgrades, flexible spaces, and
functional layout, this home is designed for comfortable and
convenient living.
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.
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