8596 Logia Circle
About This Property
Kitchen features large pantry closet for extra storage. Updated bathrooms with 17'' toilets and new Master Bath vanity. New Laminate flooring in 2nd bedroom, den/dining room and Master Bedroom. Freshly painted throughout. Covered and Screened expanded Lanai with tile floors to enjoy the lake view and sunsets. Full accordion hurricane shutters. Just bring your toothbrush! Furniture is available for sale by owner. Fabulous and friendly Active Adult community with recently remodeled 26,000 sq. ft. Clubhouse, 2 pools that overlook a beautiful lake one is for resistance exercise. Many clubs and functions for your entertainment, large gym, library/computer room, billiards and arts and crafts room. Room sizes approx.
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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%.
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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 Melrose
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017