8079 Lemon Serpentine Lane
About This Property
Enter foyer to great room that boasts a chef's kitchen with beautiful white cabinets, granite countertops, subway tile backsplash, oversized island, stainless steel appliances & huge pantry! Additionally one bedroom and full bath perfect for guest bedroom or playroom. Second floor begins with a large loft, great for working remotely, children during distance learning or den space.
Enter the master bedroom, with coffered ceiling, his/hers spacious walk in closets, ensuite bath his/hers vanities, soaking tub and glass enclosed shower. Second and third bedrooms, as well as second bathroom located on second floor with laundry room for added convenience. Complete impact glass, 9 ft ceilings throughout and low hoa. Tuscany north is a virtual gate guarded community featuring a 7,200 square foot clubhouse with amenities such as indoor sports court, 24 hour full fitness center, card room and event room with catering kitchen. Outdoor amenities include half basketball and two tennis courts, resort style pool with shaded pavilions, shaded tot lot, splash pad, open field for sports activities and barbecue area with table seating.
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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 Palm Beach
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$9,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017