141 Wedgewood Drive
About This Property
The heart of the home showcases a spacious kitchen with a large island, farmhouse sink, quartz countertops ,expansive walk-in pantry-perfect for storage and entertaining and a stunning decorative backsplash that flows seamlessly into the main living area, creating an ideal space for entertaining and daily living. The open concept layout enhances natural light and connectivity throughout the home.
The private primary suite includes a well appointed bathroom featuring dual sinks, a separate soaking tub, and a walk-in shower creating a comfortable retreat at the end of the day. It has an exceptionally large walk in closet with built in shelving, providing abundant storage and organization. Additional bedrooms provide flexibility for guests, home office space, or family needs.
Exterior highlights include brick and siding construction, a covered patio, privacy fenced backyard, and well maintained grass space, perfect for outdoor enjoyment. The home also includes an attached 2 car garage for added convenience.
Located in a community that offers access to a boat ramp, fishing pier, and neighborhood park, this property blends relaxed living with recreation opportunities. Residents also enjoy proximity to restaurants and shopping in Gun Barrel City, making everyday errands and dining options easily accessible.
Additional highlights include new construction, move in ready condition, a builder structural warranty, and furniture available for negotiation. This home delivers a fresh start with modern style and practical livability in a desirable lake area setting.
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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.
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About Henderson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017