Your opportunity to own a beautifully updated waterfront home in
sought-after Cross Creek arrived! This move-in-ready 3-bedroom,
2-bath residence offers an exceptional combination of space,
upgrades, location, and value! Step inside to discover soaring
vaulted ceilings, abundant natural light, and an inviting open
layout perfect for everyday living and entertaining. The spacious
kitchen features rich wood cabinetry, granite countertops,
stainless steel appliances, and generous workspace. Unwind in the
spa-inspired bath with a Jacuzzi tub or enjoy peaceful water views
from the enclosed Florida room, offering valuable additional living
space. The private, fenced waterfront backyard features
low-maintenance pavers, creating the perfect setting for relaxing
or entertaining. Additional highlights include plantation
shutters, modern flooring, LED lighting, newer A/C, new water
heater, generator-ready setup, full hurricane protection, and a
2-car garage. Enjoy added value with HOA services that include lawn
care, tree maintenance, sprinklers, lake maintenance, and access to
the community walking path. Conveniently located near shopping,
dining, and major highways.
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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