**ASSUMABLE VA LOAN** **PREFERRED LENDER IS OFFERING 1% TOWARD
CLOSING COSTS OR A BUY-DOWN** Like New SHOWSTOPPER 3 CAR GARAGE
Blooomfield Carolina IV Model Home with $150,000 in upgrades on an
oversized private lot! Meticulous, mature landscape welcomes you
into the 12ft wide rotunda with scraped hardwoods, bullnose
corners, high-end custom window treatments, and art niches
throughout! The formal study with French doors is perfect for
remote work. The formal dining is nestled among custom archways,
creating a grand dining experience. The living room has a stone
hearth gas start fireplace. The kitchen boasts a large island with
bar seating, stainless steel appliances, a 5-burner gas stovetop,
coffee bar, built-in microwave, and sunny breakfast room with a
custom window seat covering. The primary ensuite has a sitting
room, dual-sink vanity, large walk-in shower with a bench, soaker
tub, and grand walk-in closet. The two secondary beds down both
have built-in cabinets & window seats. Upstairs, find a large
second living room and a dedicated media with prewired surround
sound. An additional study-up is ideal for retreating. The ensuite
upstairs is oversized with a sitting area, two closets, & full
bath. Outside owners added upgraded turf, a 15ft swim spa on an
elevated platform, a 15x10 covered patio, a 37ft concrete walkway,
crushed gravel paths, a 6x5 grill pergola, an 11x9 retreat cabana,
and an additional open paver patio. No neighbor to the East and no
neighbor behind! The lot next door is an easement that will not be
built on according to the homeowner.
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.
Like New SHOWSTOPPER Carolina IV Model with 70,000 in backyard upgrades on an oversized private lot! Meticulous, mature landscape welcomes you into the 12ft wide rotunda with scraped hardwoods, bullnose corners, high-end custom window treatments, and art niches throughout! The formal study w french doors is perfect for remote work. The formal dining is nestled among custom archways, creating a grand dining experience. The living room has a stone hearth gas start fireplace. The kitchen boasts a large island w bar seating, stainless appliances, a 5 burner gas stovetop, coffee bar, built-in microwave and sunny breakfast room with custom window seat covering. The primary ensuite has a sitting room, dual sink vanity, large walk-in shower w bench, soaker tub and grand walk-in closet. The two secondary beds down both have built-in cabinets & window seats. Upstairs find a large second living room and a dedicated media with prewired surround sound. An additional study-up is ideal for retreating. The ensuite upstairs is oversized w sitting area, two closets, & full bath. Outside owners added upgraded turf, a 15ft swim spa on an elevated platform, a 15x10 covered patio, 37ft concrete walkway, crushed gravel paths, 6x5 grill pergola, 11x9 retreat cabana and an additional open paver patio. No neighbor to the East and no neighbor Behind!
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