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1122 E LODGEPOLE Drive
About This Property
ADDITIONAL FEATURES & UPGRADES
This exceptional basement home is situated on an oversized 14,996-square-foot cul-de-sac lot with expansive side yards, lush green space, a double RV gate with concrete pad, and a gated front courtyard.
The resort-style backyard is designed for year-round enjoyment and features a 9-foot diving pool with a rock waterfall, swim-up bar, grotto, and a PebbleTec resurfacing completed in 2025. A commercial misting system cools the patio, ramada, and pool area during the warmer months, while the natural gas fire pit creates the perfect gathering space on cooler evenings.
The updated kitchen features quartz countertops, an induction cooktop, double wall ovens, a gas stub for a future cooktop conversion, and a KitchenAid dishwasher installed in 2026. Quartz countertops continue throughout the home, and all bathrooms have been beautifully remodeled with tiled showers. Two built-in electric fireplaces provide ambiance in both the family room and the primary suite.
Energy-efficient upgrades include an owned Tesla solar system with two Tesla Powerwall batteries, an EV charging station, Cardinal 340 high-efficiency windows, additional attic insulation, and a solar attic fan installed in 2024. The home also features updated HVAC systems with the main floor and upstairs replaced in 2019 and the basement system replaced in 2023.
Additional improvements include a Guardian epoxy-coated garage floor, a tankless water heater with a recirculation pump installed in 2026, a whole-house water filtration system, reverse osmosis drinking water at the kitchen sink and refrigerator, custom shutters throughout, and an energy-efficient fiberglass front door with a steel security screen door. LAUNDRY ROOM IS ON THE MAIN FLOOR.
Ideally located near Life Time Fitness with convenient access to Loop 202, shopping, dining, and everyday amenities, this home is also located within the highly acclaimed Chandler Unified School District.
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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 Felty Farms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017