Rarely available 1,040 square feet - the largest two-bedroom floor
plan in the Isle of Capri at Kings Point - with golf course views
from both the screened balcony and the front living area. This
second-floor 2BR/2BA is in original condition with one updated
bath, giving a buyer the space and the view up front and the
freedom to finish the interior to their own taste. Solid CBS
construction, 1979. Kings Point is a 55+ community with clubhouse,
pools, fitness, tennis and an on-site theater. Maintenance covers
association amenities; buyer pays a one-time $2,000 recreation
capital contribution. Association approval required. Original
interior, one bath updated - priced accordingly. Largest Capri plan
(1,040 sf) with true golf view; Association approval required, no
LLC buyers, $2,000 buyer capital contribution. Offers must be in
PDF format and proof of funds/pre-approval letter must accompany
offer. Email LA with questions.
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.
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