This stunning 2022-built CBS home features (4) beds, (3) baths, a
(3) car garage, & over 2,500 SQFT of stylish living space, making
it one of the largest floor plans in The Waterstone Community.
Situated on a premium lot backing up to the preserve. Smart home
upgrades include Alexa-controlled lighting, motorized window
coverings, WiFi-enabled locks, & a Ring security system. Inside,
enjoy vaulted 10-foot ceilings, spacious bedrooms, & multiple
walk-in closets, while the kitchen boasts ample cabinet &
countertop space for entertaining. The Waterstone community
features a clubhouse, pool, fitness center, playground, pickleball,
& sidewalks; all with a $12 a month HOA. Located just minutes from
the beach, shopping, dining, & with easy access to I-95/ Turnpike.
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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