7677 Viniste Drive
About This Property
The over-sized master bedroom is outfitted with two custom closets. The master bath has dual sinks and vanity. SELLER NEEDS EXTENDED CLOSING.! This 3 bedroom/21/2 bath home has a split bedroom plan ceilings and accordion storm shutters. Enjoy the serenity of you fully screened outdoor patio on the lake. Ponte Vecchio West is a 24-hour manned gated active 55+ community with tons of amenities and something for everyone. At the upscale clubhouse you will find an outdoor resort pool and spa, an indoor pool, fitness center, pickle ball, tennis, billiards, card rooms and ballroom and a manager on-site. Center hall mirror and parson shelf do not convey with the property. There is a capital contribution of 3 months HOA due from the Buyer at closing. Please submit As-Is contracts with proof of funds or pre-qual letter. Information herein deemed reliable and subject to errors, omissions or changes with out notice.
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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 Tuscany
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017