18005 RED ROCKS DR
About This Property
OFFER DEADLINE TUESDAY, MARCH 4TH at Noon.
Welcome to 18005 Red Rocks Drive!
Pride of ownership is evident from the moment you cross the threshold of this meticulously maintained home. Sited on a premium lot which backs to common area and parkland, this four bedroom, three and one half bath home is located in the desirable Cloppers Mill West subdivision.
The heart of the home is the updated kitchen which flows seamlessly to the family room complete with a gas burning fireplace. These sundrenched rooms have access to the hardscaped patio with built in firepit which is perfect for outdoor entertaining.
The upper level primary suite features a walk in closet and updated spa like bath. Three additional bedrooms and an updated hall bath complete this level.
The lower level with walk up access and full bath is a wonderful place to hangout or watch sports or movies with family and friends.
A Must See!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017