7685 Springfield Lake Drive
About This Property
Located in the highly desirable Springfield Lakes subdivision of Lake Charleston is where you will find this stunning waterfront, 4 BR, 2.5 BA, 2 car garage single family home. Home features include updated kitchen with granite counters and stainless steel appliances, laminate floors downstairs and brand NEW carpet upstairs and stairs, large walk-in closet, spa bath tub and over-sized shower master en-suite, double hung impact windows, shutters for sliding glass and front door and home generator. After falling in love with the inside of this home, step outside to relax on what would be your spacious screened-in patio with whirlpool tub and outdoor shower! Watch as Mother Nature's beautiful sunsets unfold before your eyes and soak up all the paradiseThe Lake Charleston Community Features: a low HOA of $450/Qtr which includes high speed internet & cable. Tons of great, open, green outdoor spaces, and plenty of amenities and activities such as tennis courts, basketball, volleyball, soccer field, swimming pool, dock for fishing, and sidewalks for walking your dog, jogging or a leisure bike ride.
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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 Lake Charleston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017