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9785 Arbor View Drive S
About This Property
the second and third large bedrooms/study share an updated bathroom with frameless shower and natural light from an end window. The dining room opens onto an enclosed private sliding-door patio. There is a family/TV room adjacent to the kitchen which also looks onto the lake. The updated kitchen has solid wood soft-close cabinets, stainless steel appliances, breakfast area, and ample pantry. The laundry room is adjacent to the kitchen with a large sink. The 2-car garage has epoxy flooring, and 10 fully enclosed professionally installed cabinets. The central AC unit is 1.5 years old, and still under warranty. This is an active community with a large clubhouse (currently under renovation), Four pools, an indoor pool, tennis courts, pickleball courts, and our on-site cafe serves breakfast and lunch seven days a week. There are numerous clubs and game activities. The HOA includes lawn and landscaping services, painting, pest control, basic digital cable, (HBO and Showtime), high speed internet, basic alarm system, and gated security. This serene neighborhood is the perfect place to spend your retirement years.
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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%.
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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 Palm Isles West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017