Welcome to 11912 Reindeer Drive, a home that gives you room to
breathe inside and out. At its heart, the kitchen features an
oversized island with space to prep, gather, and serve all at once.
The main level's open plan keeps the kitchen, dining, and living
areas connected for seamless hosting.
Upstairs, a massive flex space anchors three guest bedrooms and
provides the extra space for whatever your household needs
--whether that's a music room, a home gym, a playroom, or a media
lounge. The real showstopper is the backyard, one of the largest in
the neighborhood. A covered patio, custom stone entertaining area,
hot tub and a full outdoor kitchen provides a private retreat
built for everything from quiet evenings to weekend gatherings.
Garage has an oversized 2.5 car space with higher ceilings for
extra storage! All of this sits in the Bellingham Meadows
community, where residents enjoy a neighborhood park, a
resort-style pool, and a gated dog park
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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