86 PARK PLACE CIRCLE
About This Property
Located on Long Pond View, this property is one of the few in the neighborhood with a stunning sunset water view. Homes here are also set farther apart, giving you extra privacy. Relax in the covered, screened lanai with ceramic tile flooring, a ceiling fan, and peaceful views of the water.
Inside, the home is exceptionally clean, smoke- and pet-free, and equipped with solar panels to help lower electric costs. Hurricane shutters protect all windows and doors, while window shades throughout add comfort and efficiency.
The HOA is $230 a month and includes full yard maintenance plus a Spectrum Platinum TV and internet package. Residents enjoy resort-style amenities including a heated pool, cabana, shuffleboard, bocce, corn hole, and a putting green-perfect for staying active or connecting with neighbors.
Blending comfort, low-maintenance living, and rare water views, this home is ready to welcome you to your next chapter.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017