Set on 1.315 acres with water views in 24-hour guard-gated Carlton
Woods, this 6-bedroom Mediterranean pairs rare acreage with a full
apartment over the garage. At its center, the remodeled kitchen is
built around 2 islands and opens to the breakfast room and the
family room with its marble fireplace. Polished travertine and wood
floors run through formal living areas that open to one another,
and a wine grotto sits behind iron gates. The primary suite and a
guest bedroom are down; upstairs are 3 bedrooms, a game room with
balcony, and a media room. The garage apartment adds a 6th bedroom,
full bath, living area, and kitchen for extended family or
long-stay guests. Out back: a saltwater pool with rock waterfall
and slide, a spa with privacy water wall, a large covered patio,
and open lawn. Two driveways, a 4-car garage, a 2-car
porte-cochere, new PEX piping, and storage throughout.
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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