6178 Parkway E
About This Property
Enveloped by the beauty of Shelter Cove, this home welcomes you with an expansive floor plan illuminated by natural light, creating an ambiance of warmth and comfort. Notably, this property stands out as a true ownership gem in Saint Cloud – with no lot rent, it represents an exceptional value.
Boasting a spacious 1-bedroom layout, this home provides ample room for families, complemented by a generously-sized patio, perfect for lounging amidst the shade during sun-drenched summer afternoons. Additional storage needs are met with ease, courtesy of a sizable shed.
Indulge in the community's amenities, including a shimmering pool offering panoramic lake vistas – a perfect spot to unwind and soak in the breathtaking surroundings. Adventure seekers will delight in the plethora of water activities available, from fishing to kayaking, while paved roads and wooded trails cater to outdoor enthusiasts.
The community's vibrant social scene offers year-round activities such as shuffleboard, pickleball, and basketball, ensuring there's always something exciting to engage in. Plus, with water, septic, and trash disposal included in the low monthly condo fee, maintenance worries are a thing of the past.
Located in the highly sought-after Saint Cloud community, residents relish in the convenience of nearby shopping, dining, and recreational parks. Don't let this opportunity slip away – seize your chance to own a slice of paradise. Schedule your private tour today and embrace the Shelter Cove lifestyle!"
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017