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7237 Morocca Lake Drive
About This Property
COME LIVE THE VALENCIA LIFESTYLE IN THIS ACTIVE 55+ COMMUNITY WITH 6 TENNIS COURTS, 6 PICKLEBALL COURTS, BOCCE, A NEWLY RENOVATED AND EXPANDED CLUBHOUSE AND FITNESS CENTER. THE RESORT STYLE POOL IS HEATED IN THE WINTER AND COOLED IN THE SUMMER. ENJOY EXERCISING IN THE RESISTANCE POOL OR UNWIND IN THE HOT TUB. THE ART PROGRAM HAS MANY DIFFERENT VENUES. THE PHOTOGRAPHY CLUB HAS MANY DISPLAYS THROUGHOUT THE YEAR. THERE ARE CARD ROOMS FOR ALL. THE CAFE OFFERS BREAKFAST, LUNCH AND WEEKLY DINNER EVENTS. SOMETHING FOR EVERYONE!! ALL MEASUREMENTS DEEMED ACCURATE AND SHOULD BE INDEPENDENTLY VERIFIED.
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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.
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About Valencia Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017