8948 Alexandra Circle
About This Property
If open and airy are what you are looking for, then you will love the freshly painted interior lined with crown molding, 24 x24 travertine style porcelain tile and custom designed kitchen with top tier granite countertops and stainless steel appliances. Guests in town? No problem, a full bedroom can be found downstairs along with a spa like bathroom they will love! Retreat to your private sleeping quarters upstairs where you will find high quality Urbano laminate flooring throughout, 3 ample sized bedrooms in addition to the elegant master suite with fully remodeled master bathroom.
Outside, you will find a large fenced in yard with extended paver lined patio and separate pebble play area perfect for entertaining year round! The Olympia community offers an elegant Mediterranean style clubhouse providing state of the art amenities including a fitness center, indoor and outdoor basketball courts, tennis, volleyball, multiple gathering areas and playing fields surrounding extensive lakes. The majestic exterior offers a newly renovated lagoon style zero entry pool with plenty of seating including private cabanas and a children's splash pad. The playground is a child's dream with equipment to accommodate children of all ages set on astroturf flooring. Within minutes of Wellington's top A-rated schools, recreation, dining and equestrian venues.
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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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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017