7415 Water Dance Way
About This Property
The in-ground pool has lion fountains, light, a removable child safe fence, and an upgraded high efficiency variable pump with low operational cost. Yard is fenced. The roof is Spanish tile and is inspected and cleaned every year. Home has a 3 car garage, with keyless entry and hurricane rated doors. Paver driveway. Located in a cul-de-sac with good spacing from neighboring homes. The home features a central vacuum system, tall ceilings, crown molding, plenty of extra storage and tons of natural lighting. Exterior has just been painted, most interior rooms have just been painted, and much more. Beautifully landscaped gated community with private resort style amenities that include multiple pools, splash park, sports areas, screened social pavilion, playground and fully equipped fitness center. HOA also includes premium cable and internet, 24hr manned gatehouse and security. This home is in a great school district, walking distance from the elementary school. Convenient to beaches, shopping, entertainment, dining and recreation.
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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 Smith Dairy West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017