1141 Burlington Court
About This Property
Newberry 50+ is an active adult community in McDonough featuring low maintenance lawns, convenient location and planned resort style amenities.
The Palladio Ranch single-family home is a masterpiece of main-level living. A large foyer welcomes you, with a spacious bedroom and bath to one side. The gourmet kitchen with island and walk-in pantry flow effortlessly to the dinette and family room, which has enough space for gatherings of all types. A versatile flex space can be converted to another bedroom. Your luxurious main-level owner's suite is a true retreat, with sitting area, dual vanities and an enormous walk-in closet.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | Listed by Jason Nelson Real Estate | $424,990 | |
| Listed by Jason Nelson Real Estate | |||
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Last Updated: 9 months ago
Data Source: FMLS, MLS# 7520659
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017