NICEST HOME IN THE COMMUNITY! This beautifully renovated
single-family home is in the highly desirable gated community of
Newport Cove! This move-in-ready residence features soaring vaulted
ceilings, a bright and open floor plan, and stylish modern finishes
throughout. The large dream kitchen is sure to impress with
elegant quartz countertops, premium stainless steel KitchenAid
appliances, and ample space for cooking and entertaining. Luxurious
bathrooms have been completely remodeled with designer tile,
frameless glass showers, LED mirrors, and contemporary fixtures.
Rectified porcelain tile flooring extends throughout the home,
creating a seamless, sophisticated look, while fresh interior paint
adds the finishing touch. Work from the enclosed bonus room
overlooking the lake, conveniently located just off the dining
area, or unwind on the tranquil screened-in patio while taking in
the peaceful water views. Newport Cove offers outstanding
amenities, including a beautiful clubhouse, resort-style pool,
tennis courts, and a fitness center. Ideally located near beaches,
shopping, dining, and medical facilities, this exceptional home
combines luxury, comfort, and convenience.
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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