Exceptional waterfront residence set on an oversized lot, offering
captivating 360-degree lake views from nearly every room. Spanning
approximately 3,000 SF, this thoughtfully designed home features
soaring ceilings & expansive impact windows & doors that bathe the
interiors in natural light while showcasing the serene waterfront
setting. The desirable split floor plan provides an ideal balance
of privacy & functionality, highlighted by an impressive primary
suite with a spacious sitting area/office. Elegant travertine
flooring flows throughout, complemented by a beautifully updated
kitchen & bathrooms, new A/C units, new water heater & 2021 roof.
Nestled within the desirable gated community of North Lakes,
residents enjoy a community pool, park, gazebo, playground & a very
low HOA.
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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