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11653 Privado Way
About This Property
This is a custom home built by Stephen Albanese Construction.
39 custom homes in Southgate
New roof in 2014
New AC 2021 5 Ton 16 Seer
New Hot water heater in 2022
Stainless Steel appliances: Bosch dishwasher, GE French door
refrigerator, GE wall oven Cooktop
New dryer to match the washer
Pool resurfaced and new tile in 2021
Solar Heating for the pool
The maintenance fee includes Painting the exterior of the home periodically, weekly pool chemicals & cleaning, Light bulbs and batteries in volume ceilings, Exterior pesticide, once a year termite inspection, mowing the lawn,and trimming of shrubs and trees
22KW Generac generator with a 500 gallon propane tank serviced by Assurance
Lightning rods to deter lightning
All this located in the Indian Spring Country Club where Membership is optional.
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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 Indian Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017