9539 Lantern Bay Circle
About This Property
Country Club Living, 24-Hr Manned Security Gate, Lush Landscaping on Beautifully Appointed Grounds, State-of the-Art Clubhouse w 3 Heated Pools Inc. Resistance Pool, Har-Tru Tennis Crts w Lights, Pickle on the Way, Gym, Ballroom, Media, Card, Billiards, Exercise & Weight Rms, Library, Shows, Mah-Jong, Bridge, Canasta, Clubs, Kitchen, Activities++++. Easy Access to Golf, WPB Airport, Malls, Kravis Centre, City Place, Museums, Shopping, Dining, Beaches, Intracoastal, Everglades, Highways, Parks. Polo, & Everything Florida Lifestyle Has to Offer. HOA Approval req., 2-Month Capital Contribution to be paid by Buyer at Closing ($540).
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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 Baywinds
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$8,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017