9896 Nokay DRIVE
About This Property
THE BEST OF FLORIDA LIVING! Welcome to Lake Sheen Reserve; a private gated community with private access from the community to the Butler Chain of Lakes. This two-story home has been meticulously cared for and boasts 5BR/4BA with a screened-in pool, large backyard, a front and rear balcony with view across Grand Cypress golf course and also nightly Disney fireworks, and an oversized three-car garage. As you enter the home you're welcomed by a large foyer area with high ceilings, flanked by the formal dining and living room with columns. Family room and kitchen with eat-in breakfast nook, overlooking the screened in pool and spa with brick pavers and extended oversized covered patio. The large, open kitchen features plenty of counter space, granite countertops, 42" cabinets with molding and a center island and a breakfast bar. Upstairs you will find a bonus space with a front-facing balcony. The master bedroom features a sitting area/office/gym, his + hers walk-in closets, and en-suite bathroom which boasts his + hers vanities, a garden tub, separate shower. Short walk/bike ride to community boat ramp, fishing/boating dock with a private beach, BBQ area and playground. Close to shopping, restaurants, Downtown Windermere, Downtown Winter Garden, Sand Lake Restaurant Row, I-Drive and Winter Garden Village, golf courses and Disney. Also, new roof will be completed by the first week of July.
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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 Lake Sheen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017