1893 TIMBER POINT E --
About This Property
Recent upgrades include: New flooring, remodeled kitchen, new mini-split system, new whole-house fan, and a 2018 roof -- meaning the big-ticket items are already done.
Residents of Timber Ridge enjoy access to an exceptional HOA amenity package for just $950/year, including indoor and outdoor pools, tennis and pickleball courts, a clubhouse, children's play area, and sidewalk-lined streets -- resort-style living at a fraction of the cost.
Seller is generously offering a $15,000 credit, giving the next owner the opportunity to customize the back deck to their exact vision.
Whether you're searching for a full-time residence, a weekend mountain retreat, or an income-producing investment property, this Timber Ridge gem checks every box.
Welcome home to Prescott.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017