Nestled on a raised, tree-lined lot near Lake Ray Hubbard, this
stunning custom home welcomes you with a grand foyer featuring
soaring ceilings and a wall of windows that provide a picturesque
view of the backyard. The open floor plan seamlessly connects the
kitchen, breakfast area, and spacious family room, which boasts a
stone fireplace and abundant natural light from the windows
overlooking the pool area. An elegant study showcases a coffered
ceiling with exposed wood beams, adding a touch of sophistication.
The primary bedroom is conveniently located on the main floor and
includes an ensuite bathroom, while the upper level features a game
room and two additional bedrooms. The backyard is a true oasis,
complete with a recently resurfaced pool, spa, and multiple
pergolas along with bench seating, perfect for entertaining.
Additionally, the property is within walking distance to Lake Ray
Hubbard and the Rockwall Athletic Club.
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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