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1238 Soquili Drive
About This Property
High-end engineered hardwood floors flow through the main living spaces, anchored by a high-efficiency wood-burning stove that makes cool evenings something to look forward to. The updated kitchen is ready for everyday cooking and entertaining alike. Step out to the fully conditioned sun porch, a year-round retreat overlooking the woods, with peeking mountain views in winter.
The primary suite features a fully updated bathroom, and a second full bath serves the guest bedroom. A laundry/storage room offers flexibility as an occasional guest space. Peace of mind comes standard with a whole-home 16kW Generac generator, an HVAC system installed in 2018, a new roof and gutters added in 2021, and a host of other recent upgrades and updates.
Storage is abundant for a smaller home. You will find an oversized open-air carport with room for multiple vehicles, a flat parking area, a lower-level dry storage room, and a large detached shed for toys, tools, and yard equipment.
Life in Connestee Falls adds a full slate of amenities just beyond your door. This gated community spans roughly 3,900 acres of Blue Ridge woodland, with nearly half set aside as conservation land. Residents enjoy four private lakes for kayaking, fishing, and swimming, miles of private hiking trails past streams and waterfalls, an 18-hole championship golf course, a clubhouse with dining, a fitness and wellness center, an outdoor pool, tennis, pickleball, and dozens of clubs and social groups. Downtown Brevard's shops, restaurants, and music scene are just minutes away.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017