8650 High Cay
About This Property
The kitchen is very spacious and also offers an eat in kitchen and opens to the family/living area. There is a formal dining area which could also be used as an alternate living/work space. The water heater was replaced in 2021 and the ac in 2011. The master suite has tray ceilings, huge walk in closet, large bathroom with soaking tub and separate shower and double sinks. Other great features - separate laundry room, screened lanai overlooking a peaceful garden view, Tall ceilings (tray ceiling in the foyer), security system.
Andros Isle is an all age community with lots of great amenities - Heated pool, spa, clubhouse, children's playground, billiards, fitness room, tennis, basketball. HOA fee includes - cable, lawn care.
Andros Isle is in a Great Location, located just west of the turnpike, pet friendly, close to shopping and restaurants.
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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 Oakton Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017