***Open House cancelled 10/18 due to "Inclement Weather
Conditions"*** Custom-built in 2019 and shows like new. This
impressive 3-bedroom, 3-bath home sits on 2.5 acres along a quiet
dead-end road surrounded by equestrian properties. The split floor
plan includes an oversized primary suite with walk in closet,
private bathroom has dual sinks and walk in shower. Bedroom 2 is an
en-suite with private bathroom and the 3rd bedroom with nearby full
bath. Enjoy a sunny gourmet kitchen with quartz countertops, island
cooktop, stainless steel appliances, double wall ovens and 3
pantries. Oversized 2+ car garage, inside laundry room, covered
front porch, covered/screened back patio overlooking the peaceful
and quiet acreage. This property has plenty of room for a pool,
barn or guest house.
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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