Must see arguably one of the best lake views in Spanish Lakes
Fairways. This CBS construction home brings the waterfront scenery
into everyday living. Enjoy lake views from the primary bedroom,
kitchen, living room, air-conditioned Florida room and backyard
patio-a beautiful backdrop from your first cup of coffee to your
evening wind-down. The eat-in kitchen offers a welcoming spot for
casual meals, while the living room and Florida room provide
comfortable spaces to relax or entertain overlooking the water.
Step onto the back patio for outdoor dining, conversation or a
quiet moment to take it all in. A metal roof, accordion storm
shutters and generator hookup add practical appeal. Residents enjoy
an 18-hole golf course with no green fees, a heated resident pool ,
pickleball, tennis, fitness center, sauna, clubhouse, billiards,
bocce and shuffleboard. A library, card room, arts and crafts
facilities and woodworking shop offer even more ways to spend the
day. Discover a home where exceptional lake views and an
active Florida lifestyle come together.
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.
This lakefront home is 3 bedrooms, 2 baths, family room and a 2 car garage. Some of the many features include a whole house generator, golf cart, full accordion shutters, storage area above the garage and surge protector on the meter for whole house. Most of the furnishings will be included in the sale.
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