Welcome to this beautifully appointed 5-bedroom, 3-bath home
located on a desirable corner lot on a cul-de-sac in the
sought-after community of Canyon Lakes. Featuring an impressive
double-door entrance and soaring two-story ceilings in the formal
living and dining rooms, this home is filled with natural light and
designed for both comfortable living and entertaining. The spacious
kitchen is the heart of the home and offers a center island,
granite countertops, tiled backsplash, stainless steel appliances,
double oven, and an abundance of cabinetry. The kitchen opens
seamlessly to the breakfast nook and oversized family room,
creating the perfect gathering space for family and friends.
The first floor features a versatile bedroom/den with 2
Murphy beds, perfect for guests or a home office Upstairs, the
oversized primary suite offers a luxurious retreat with tray
ceilings, two walk-in closets, dual sinks, soaking tub, and walk-in
shower. A spacious loft, three additional bedrooms, and a full bath
complete the second floor. Additional highlights include high
hat lighting, accordion shutters, and an abundance of natural light
throughout the home. Step outside to enjoy the large
screened-enclosed patio, oversized fenced backyard, open patio
area, and beautiful fire pit and waterfall feature - perfect for
outdoor entertaining and relaxing. This exceptional Canyon
Lakes home combines space, functionality, and style in one of the
area's most desirable gated communities.
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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