Short Sale Opportunity in Prestigious Lake Forest! Beautiful
5-bedroom home offering exceptional space and upgrades throughout.
This impressive floor plan features two game rooms, a downstairs
guest bedroom with full bath, a private office with pocket doors,
formal dining room, and a spacious family room open to the gourmet
kitchen. The chef's kitchen is designed for entertaining with
granite countertops, double ovens, gas cooktop, center island, and
a convenient butler's pantry. The grand primary suite showcases a
coffered ceiling, high-end blackout shades and curtains, a
luxurious bath with dual vanities, garden tub, separate shower, and
an oversized walk-in closet. Recent updates include newly remodeled
secondary bathrooms featuring updated cabinets, sinks, countertops,
showers, flooring, lighting, and tile work. The primary bath has
also been enhanced with updated cabinetry, countertops, fixtures,
and additional storage. Additional improvements include a 2023
Trane Smart HVAC system with variable-speed technology for the
upstairs, smart thermostat, and a Reme Halo UV air purification
system. Step outside to enjoy the screened-in covered patio
overlooking a large backyard complete with a sparkling pool-perfect
for relaxing and entertaining. Located in the highly sought-after
Lake Forest community and zoned to highly rated schools, this home
combines luxury, comfort, and outstanding value. Some cosmetic
repairs needed but don't miss this exceptional short sale
opportunity!
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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