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11105 Sunset Ridge Circle
About This Property
Stepping inside the spacious 3,337 SqFt home, you'll find a well-designed open floor plan. The formal living and dining rooms greet you with a dramatic 2-story ceiling, custom millwork, and floor-to-ceiling windows. The adjoining chef's kitchen is equipped with classic white cabinets, under-cabinet lighting, granite countertops, a center island, and high-quality stainless-steel appliances... The family room, perfect for relaxation gatherings, features oversized sliding glass doors that provide a seamless transition from indoors to the backyard paradise. Retreat to the master suite, where you'll find a tray ceiling, sitting area, dual walk-in closets, and a luxurious en-suite bathroom with double sinks, a soaking tub, and a walk-in shower.
The versatile loft area serves as an ideal study, play area, or 2nd room. The home's interior also boasts an upgraded wrought iron staircase, crown molding, neutral tile laid on the diagonal, a bedroom and full bath on the first floor for convenience, accordion shutters for safety, and a newer A/C.
As part of the Canyon Lakes community, residents enjoy first-class amenities like a clubhouse, fitness center, resort-style pool, and tennis courts. This home's prime location is close to shopping, dining, entertainment, the new "A" rated West Boynton Middle School, Sunset Palms Elementary School, and major highways. It's the home to settle into before the new school year starts.
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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 Canyon Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017