Enjoy a private panoramic view of Mt. Sugarloaf, Mt. Toby and the
entire valley from this hilltop arts and crafts /prairie style
custom built contemporary. Main level features a gourmet
kitchen with dining area, formal dining room with built in china
cabinet, a living room with fireplace, built in bookcases, media
center, piano alcove and private screen porch. There is also half
bath in the entry foyer. The master bedroom suite includes two walk
in closets and dressing areas, private bath with double vanity,
separate jetted tub, tile shower and an attached den/media room.
Off the kitchen there is a home office, laundry, mudroom,
half bath and covered deck. The lower level is walkout through a
covered porch to the front yard that also enjoys the same panoramic
view; its features include a family room with fireplace and built
in bookcases, library alcove, three bedrooms and the 2nd full bath.
The state of the art propane heating system offers multiple
zones as does the central air.
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.
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