9715 Phipps Lane
About This Property
LIVING AREA HAS CERAMIC TILE & THE WROUGHT IRON RAILING STAIRCASE & 4 UPSTAIRS BEDROOMS HAVE WOOD FLOORING. SPACIOUS GOURMET KITCHEN WITH STAINLESS& DARK MODERN CABINETS, RICH GRANITE COUNTERS WITH LARGE CENTER ISLAND. DINING ROOM HAS BUTLER'S PANTRY WITH GRANITE TOPPED BUFFET. THE AMPLE FAMILY ROOM HAS $1000 SURROUND SOUND SYSTEM.2 A/C UNITS WITH NEST THERNOSTATS ! ACCORDION SHUTTERS & GUTTERS INSTALLED LAST YEAR. SECOND STORY HAS LAUNDRY ROOM WITH SINK, 3 SPARE BEDROOMS& EXTRA BATH WITH DUAL SINKS, MASTER SUITE HAS 2 WALKIN CLOSET & A LARGE MASTER BATH WITH DUAL SINKS, ROMAN TUB, SEPARATE SHOWER,&WATER CLOSET. COME LIVE YOUR DREAM IN THIS NEWER OLYMPIA HOME & ENJOY THE 5-STAR COMMUNITY AMENITIES. OLYMPIA HAS A 10,000 SQUARE FOOT CLUBHOUSE WITH MEETING ROOMS, GYM WITH CHILDREN'S PLAYROOM, INDOOR BASKETBALL, GREAT ROOM, FULL KITCHEN& OUTDOOR SEATING AREAS.THE RENOVATED TOT WATER LOT,NEW PLAYGROUND,4 LIGHTED TENNIS COURTS,SAND VOLLEYBALL,OUTDOOR BASKETBALL COURT COMPLEMENT THE RESORT-STYLE ENORMOUS POOL WITH CABANAS & SPA. OLYMPIA HAS 4 MANNED GATES,ONE OF WHICH GOES ACROSS TO THE WELLINGTON GREEN MALL,RESTAURANTS & SHOPS.ACROSS FROM TRADER JOE'S,DRIVE-THROUGH STARBUCKS & WHOLE FOODS. A-RATED SCHOOLS ARE ACROSS FROM THE COMMUNITY. EASY ACCESS ACROSS TO TURNPIKE & PALM BEACH INTERNATIONAL AIRPORT AS WELL AS HOSPITAL & MEDICAL FACILITIES AS FURTHER PERKS OF THIS SOUGHT-AFTER LOCATION.CALL US NOW FOR SHOWING.
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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 Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017