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7375 Mill Pond Circle
About This Property
Step through the sliding doors to discover the true heart of the home: an expansive outdoor lanai featuring a sparkling in-ground pool. Enclosed by a newer panoramic screen cage, your view of the wide, shimmering lake remains completely unobstructed. With a coveted western rear exposure, you'll have a front-row seat to those legendary Florida sunsets that paint the sky in hues of pink and gold every single evening.
Practicality meets style with thoughtful upgrades like a pristine epoxy garage floor, and the home is offered partially furnished, making your transition to the sunshine state effortless.
Located within a sought-after gated community known for its low HOA dues, this neighborhood offers an active and social atmosphere. Residents enjoy access to a vibrant clubhouse, pickleball and tennis courts, and a large resort-style pool. When you're ready to venture out, you are just moments away from a variety of premier dining and shopping destinations. This is more than just a house; it's an invitation to live the relaxed, sun-drenched life you've been dreaming of.
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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 North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017