7931 Springvale Drive
About This Property
Enjoy your morning coffee at the large center island or taking in the lake view from the adjacent breakfast nook. Step down to the attached family room and full bedroom and bath that complete the first floor.
The second floor features lovely engineered wood laminate floors throughout as well as neutral paint. The spacious master suite offers wonderful natural light, a sitting room with workspace and enormous closet with custom built in shelving. The two additional bedrooms are nicely sized with plenty of closet space as well. The rear yard of the property is completely fenced and has been freshly landscaped. You'll enjoy the sparking lake views year round from the custom screen enclosed, awning covered patio that extends the length of the home. Additional features of this home include plantation shutter window coverings throughout, full hurricane protection, LED energy efficient lighting, newer stainless steel Whirlpool washer and dryer, lake fed sprinklers plus the quality and peace of mind that comes with Minto Homes two story CBS construction.
Smith Farm is a 24/7 guard gated community that offers it's residents many amenities including a fitness room, 2 resort like pool areas, a tot lot, splash pad and soccer, softball fields, tennis and basketball courts and more! Zoned for "A'' rated Coral Reef Elementary and desirable Park Vista High - plus only a short drive to shopping, dining and more! The HOA fee also includes Comcast X1 platform cable with DRV/HD boxes and HBO as well as high speed internet.
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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 Smith Dairy West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017