Turnkey & beautifully updated 2-bed-plus-den villa in the
sought-after 55-plus community of Venetian Isles. A brand-new 2024
roof & Cat 5 impact windows offer peace of mind & potential
insurance savings, while the bright, open layout with vaulted
ceilings lives large. The generous den/office easily serves as a
third bedroom, guest suite, or office. The updated kitchen features
quartz counters, stainless appliances & solar tubes for natural
light. Relax in the spacious screened Florida room (easily
enclosed) or on the private patio overlooking green space. Enjoy a
resort-style clubhouse with restaurant, heated pools, hot tub,
fitness center, pickleball, tennis & bocce, behind a 24-hour
guarded gate. HOA includes cable, internet, lawn care & security.
Schedule your private showing today. 55-plus community (HOPA
qualified), buyer approval required. HOA $652/mo includes cable,
internet, lawn care, security & 24-hr guarded gate. One-time
capital contribution $5,470 due from buyer at closing; application
fee $150. Own 1 year before leasing; 2 leases/yr, 6-month minimum.
Pet & lease restrictions apply, see application. Attached:
covenants, bylaws, amendments, clubhouse rules, financials,
application, survey, seller's disclosure, Rider B & Rider Q. Survey
available to convey with affidavit of no change. Same title company
as 2023 purchase (Home Partners Title), reissue credit available.
Room sizes per floor plan, sqft per tax roll. Please verify all HOA
info with management. Send SMS to listing agent before submitting
an offer.
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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