FIRST TIME ON THE MARKET! Fabulous lake living at its finest!
Located in a well-maintained development with manicured grounds,
surrounded by lush greenbelt and mature trees, within the beautiful
and peaceful "Westshore at Lakeside" gated complex. The relaxing
community atmosphere and pristine surroundings are carefully cared
for by the Association. This meticulously maintained home shows 3
bedrooms on title but actually features 2 bedrooms plus a loft
(builder's option). This warm and inviting two-story detached condo
(no shared walls) offers an open-concept layout with no neighbors
above or below - truly feeling like a single-family residence.
Large windows flood the interior with natural light, creating a
bright and airy living space. The upscale living room boasts a tile
fireplace; ceiling fans for added comfort. The open, spacious
kitchen includes tile countertops, maple cabinetry, a center
island, recessed lighting, and a generous dining area. Flooring is
a tasteful mix of tile and carpeting, complemented by plantation
shutters. The elegant master suite features vaulted ceilings, dual
sinks, a full bathroom, and walk-in closet. The second bedroom
offers mirrored closet doors, adding to the home's charm and
functionality. Convenient upstairs laundry with a washer and dryer,
both included in the sale. Home features a solar subscription
service (approx. $130/month) that helps reduce energy costs; this
is not a solar lease. Buyer to verify terms. The side yard,
accented with brick, provides ideal space for outdoor entertaining.
Residents enjoy access to an incredible 8-acre lake with boat
rentals, a Jr. Olympic pool, and a shallow children's pool set in a
picturesque environment. Additional community amenities include
barbeques, fire pits, gardens, and a Cape Cod-style clubhouse. A
basketball half-court, playground, walking paths, and greenbelt
complete this lovely gated neighborhood - truly resort-style
living! Ideally situated near the Metrolink Station, restaurants,
grocery stores, shopping, and golf courses.
Unit Size
1,537 Ft²
Days on Market
34 days
Land Size
5.81 acres
Price per sqft
$585
Property Type
Condo
Property Taxes
-
HOA Dues
$590
Year Built
1999
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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