Under contract-accepting backup offers. NEW PRICE! NOW OFFERED AT
$499,000! GOLF CART INCLUDED! Welcome home to this beautifully
maintained Neal Communities Sweetwater model in the gated River's
Reach community. Offering 2,542 sq. ft., 4 bedrooms PLUS a
den/office and an oversized upstairs bonus room, this home provides
plenty of flexible living space with a bright, open layout. The
kitchen features crisp cabinetry, dual pantries, gray quartz
countertops, stainless steel appliances and a large center island
with pendant lighting, opening directly to the spacious family room
with a custom shiplap accent wall. Triple sliding glass doors
extend the living space outdoors to an expansive paver patio and
fully fenced backyard, creating a fantastic space for entertaining,
relaxing or enjoying Florida's outdoor lifestyle. The primary suite
features an en-suite bath with dual vanities and a generous walk-in
closet, while the oversized upstairs bonus room offers endless
possibilities for a media room, playroom, gym or second living
area. Additional features include expanded under-stair storage, a
garage utility sink and enhanced attic ventilation. River's Reach
offers residents a community pool, hot tub, fitness center and
grilling area in a beautiful gated setting. With over 2,500 sq. ft.
of living space, 4 bedrooms plus a den and bonus room, an expansive
fenced outdoor space AND an included golf cart, 1316 Thornbury
Drive offers exceptional value at its new $499,000 price.
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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