WELCOME HOME TO TALLEY POINTE ON HYCO LAKE!! If you are dreaming of
premier waterfront living, then this property at 116 Summerlyn
Place in Semora has all your boxes checked, including rounded
corners on the sheetrock walls!! The main level features a soaring,
open-concept space with a gourmet kitchen, dining area and living
room with a large stone fireplace, equipped with gas logs. Retreat
to the spacious primary suite on the main level with private access
to a conditioned sunroom, offering beautiful lake views and
situated right alongside the upper covered porch. There is also a
"flex" room on the main level, which has many potential uses.
Downstairs holds two extra bedrooms, two full baths, a family room
and a theater room. And, yes, the large screen TV in the theater
room conveys, along with the TV over the fireplace upstairs. Step
out from the lower-level family room to a covered stone patio,
outdoor kitchen area and stone fireplace! They are all situated
just steps away from the double-slip boat deck, which has a seating
area and storage room. There is also a loft area overlooking the
main level, which offers many options as well. All appliances,
including the washer and dryer, convey. The two boats and most of
the furnishings in the home are negotiable. There is a walk-in
attic upstairs off the loft and walk-up attic space over the
two-car garage, which could be converted to extra living space.
Schedule your appointment today!
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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