PREMIUM CUL-DE-SAC LOT + POND VIEWS + NO BACK NEIGHBORS!This VERY
WELL-MAINTAINED 5 BEDROOM, 3 FULL BATHROOM home offers nearly 3,600
SQ FT in a CONTROLLED-ACCESS community. Super spacious OPEN FLOOR
PLAN with a large living room, FORMAL LIVING + FORMAL DINING,
engineered hardwood and tile flooring, high ceilings, and tons of
room to entertain. The kitchen features GRANITE COUNTERTOPS, a
large island, GAS COOKING, pantry, and opens directly to the family
room. SECONDARY BEDROOM DOWN with a FULL BATH makes the
layout perfect for guests or multigenerational living. Upstairs
features a MASSIVE PRIMARY SUITE with ENSUITE BATH, double sinks,
separate shower, SOAKING TUB, and walk-in closet, plus a large GAME
ROOM/FLEX SPACE. Step outside to a COVERED PATIO and fenced
backyard overlooking the POND with WATER VIEWS and NO DIRECT BACK
NEIGHBORS. OVERSIZED 3-CAR GARAGE + double-wide private driveway
provide plenty of parking and storage.
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.
Waterfront home in the gated enclave of Cypress Forest Lakes! Exceptional curb appeal with a stone and brick exterior, this home features a three car attached garage, sky high ceiling heights, crown moulding, and an open concept that's both inviting for guests, and everyday living. The formal dining has chair rail and beautiful wood floors. An open and airy kitchen with breakfast bar, granite counters, stainless steel appliances and gas cooktop overlooks the sunny breakfast room framed in windows, and a spacious den with gas fireplace. Guest bedroom suite downstairs is great for in-laws; huge game room, 3 guest bedrooms and primary bedroom suite upstairs with spectacular water views. Fenced backyard with covered patio offers serene lake views. Amenities include scenic walking trails, a sand volleyball court, picnic areas, playgrounds, and a recreation complex with a pool and splash pad!
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