Spectacular custom-built home on 3 sprawling acres w/gated entry,
pool, rock waterfalls, pond, outdoor fireplace, summer kitchen
w/new grill & slab ready for barn/guest house. Welcoming 2 story
Iron/Glass double front door, custom woodwork & built-ins
throughout. Wood beams, wall-to-wall floor to ceiling windows, 2
sets of stairs (travertine at entry & hardwood in back) & wood
plantation shutters. Kitchen w/Thermador appliances-2 dishwashers,
double oven w/warming drawer, 6-burner gas stove w/pot filler &
granite island w/sink. Primary Suite w/double shower, 2 closets,
wet bar, wine fridge, fireplace & view of fountain. Large Guest
Suite down and 3 upstairs bedrooms w/private baths. Two of the
upstairs bedrooms have charming lofts & "secret" closet. Study
w/wood built ins plus extra room/office. Home has 5 fireplaces &
projector for movie nights from the pool. It is fully fenced, well,
septic, built in vacuum, water softener, 4 extended garages w/epoxy
floors, workshop, flex space.
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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