6118 Montego Bay Loop
About This Property
The home offers two primary suites. One is located on the main level for convenience, while the entire top floor serves as a private primary suite with vaulted ceilings, generous closet space, and a full bath, providing maximum privacy. An additional guest bedroom and full bath complete the layout. Interior features include granite countertops, stainless steel appliances, hardwood floors upstairs, tile on the main level, and fresh neutral colors.
Step outside to your private paver patio overlooking the lake and fountain, a perfect setting for morning coffee or outdoor entertaining. Tropical landscaping surrounds the home, adding beauty and privacy.
Island Park Woods is an easy Gulf-access boating community with its own private boat ramp. Residents also have access to boat storage for rent, a community pool, and scenic walking areas along the lakes. From the community boat ramp, enjoy Gulf access with an approximate 20-minute ride down the 10-mile canal to open water.
This sought-after South Fort Myers location places you minutes from the SWFL International Airport, Florida Gulf Coast University, golf courses, shopping, restaurants, and some of the most beautiful sugar sand beaches Florida has to offer. Low HOA dues make it even more appealing. Call today for your private showing.
PID# 12-46-24-21-0000E.0040
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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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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017