9816 Stover Way
About This Property
Fall in love with this charming, Pottery Barn inspired 5-bedroom waterfront home with salt water pool and built-in spa, walking distance to A-rated Wellington public schools. This home offers an open floor plan with two large living areas and panoramic views. Watch holiday fireworks from the large screened in balcony off the master bedroom or enjoy a cup of joe while soaking in the epic sunrise from the lanai.
This truly turnkey home has over $100k worth of upgrades including whole house loE insulated impact glass, full glass inlaid front doors, whole house gutters, extra wide 3+ car driveway, recently painted exterior and interior, children's pool fence, crown molding and oversized base trim throughout, custom home office with duel wrap around desks, hardwood floors upstairs and in den without transitions (no carpet), built in Murphy bed and custom storage, custom closets in all bedrooms, renovated laundry room, screened upstairs porch, fully remodeled upstairs bathroom, heated salt water pool and spa, whole house surge protector, and custom wainscoting and woodwork
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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 Olympia
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$8,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017