975 River Wind CIRCLE
About This Property
This custom floor plan was specifically designed to accommodate large family gatherings or even extended stays. The home has 4 bedrooms, four full baths, a three-car garage and paved lanai with heated pool and spa overlooking a pond and conservation area teeming with Florida wildlife. The house has convenient first floor guest quarters with its own ensuite bath and walk-in shower. The Master Suite features two large walk-in closets with built-in cabinetry and a free-standing soaker tub. The gourmet kitchen has granite counters and upgraded appliances including a gas cooktop, a large walk-in pantry, and spacious indoor and outdoor dining areas. Upstairs, there is a completely separate guest living space with a large bonus room, a fourth bedroom, complete bath and independent heating/cooling system.
Be ready for storm season. This home has its own underground propane tank that feeds the kitchen range, pool heater and a 7250W Champion Generator. Windows on the front of the house and entire second floor are PGT WinGuard hurricane resistant. Steel hurricane shutters cover the remaining windows.
The property has energy conservation features including a thermal barrier in the attic and a highly efficient Rheem hybrid heat-pump system leading to low utilities (2020 electric bill: $1,247 and propane gas: $225). The house is pre-wired with six in-ceiling speakers that can be connected to a sound system in the Club Room. The house has both Coax and Internet cables to support today's smart TV's in each bedroom plus in the great room.
This house has block construction with a tile roof. The interior walls and drapes are in neutral tones making this a move-in-ready space. Add to this, low taxes, and HOA fees plus no CDD charges, makes this property a phenomenal value. Become a part of this exclusive community with impeccably maintained homes located in the Lakewood Ranch school district. It is located with convenient access to nearby shopping and other social amenities. Call today to make your appointment. Opportunities like this won't last long!"
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017