6839 Hammock Lane
About This Property
As you make your way upstairs, that opens onto a covered deck complete with a swing. A loft and two generous sized bedrooms of identical size are also located on the second floor. The full size guest bathroom includes a "makeup room" with a sink," and there is a half-bath upstairs and additional closets for storage.
The yard has six sprinkler zones. These are to keep the plantings, including several palm species, banana, avocado, and Loquat trees, and about 25 pineapple plants, watered. The house is cooled by a system of 3 air conditioners. A Kinetico water system includes a whole house filter, with carbon and salt filtering components. The well pump and check valve are new as of March 2022. Although all the water is potable, a DI water filter in the kitchen supplies purer water to the kitchen and the ice maker. An 80-gallon hot water tank supplies plenty of hot water.
Located in the Hammock HOA ($200 annual dues), this large home is in a hidden neighborhood of 8 homes, on a private street with a cul-de-sac. The location is amazing. Right in the middle of all the amenities you can dream. Close to area shopping, restaurants, and the Wellington polo fields or the area beaches.
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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 Golden Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017