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7720 SUMMERLAKE POINTE BOULEVARD
About This Property
This home has it all. The first floor features a formal living room, dining room, family room open to a spacious kitchen with 42" raised-panel cabinetry, gas appliances, and ample storage, a guest room, full bath, study, and interior laundry room, all on one level, ideal for guests or multigenerational living.
Upstairs, a huge loft offers flexible space for a media room, play area, or second living area. The primary suite features tray ceilings, dual vanities, and a large walk-in closet. The second floor also includes three additional bedrooms and two more full bathrooms, bringing the upstairs to three full baths including the primary suite, and the home to five bedrooms and four full baths in total.
Situated on a fenced corner lot, the backyard includes a gas fire pit and room to entertain.
Located in Summerlake, residents enjoy a lakefront clubhouse, fitness center, resort-style pool, playgrounds, and walking paths. Conveniently positioned in Horizon West near Town Center, the 429, Walt Disney World, and area attractions.
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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%.
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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 Isles of Lake Hancock
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$6,500 /mo
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$8,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017