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6917 Toland Drive
About This Property
bed/bookcase for guests & a built-in sewing activity & storage center for your hobbies. The 3rd bdrm creates the opportunity for an office or bdrm (no closet in this rm). The extended garage is customized for the owner who enjoys vehicles or projects. The garage comes complete with independent air conditioning and heat, a remote-controlled screen garage door, custom storage shelving, pull down ladder to access attic, and a tucked away space for workbench and tools. Hurricane prep is made easy w/ installed accordion shutters. Among the many features, this home also has a new washer and dryer, upgraded crown molding, new wood laminate flooring in bedrooms, and plantation blinds.
This home is part of an amazing active 55+ community featuring a gorgeous clubhouse, huge heated pool, hot tub, ballroom, a theater group, billiard tables, fitness center, pickleball, tennis courts, shuffleboard, and a wonderful Bar & Grill that serves
breakfast and lunch.
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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 Heritage Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017