Almost new home on 5.41-Acres of privacy and seclusion moments from
Lago Vista shopping, restaurants, pubs, clinics, golf, and
acclaimed schools. 3-Bedroom 2-full bath, plus extra walk-in dog
wash shower for pets and people. Bright central island kitchen with
quartz counters, stainless Samsung appliances, composite sink.
Large covered rear patio, and front covered patio also. 30 X 40
metal workshop includes 1-bay garage, could be a man cave, party
barn, vintage car or collectibles storage, office; it has back
patio with power set up for spa or hot tub. Large lot with flat
hilltop for security and limited access. Lots of space for sport
courts, pool, cabana, guest house or studio. With its private
driveway add a gate for your lock and leave lifestyle, safety, and
peace of mind. Acclaimed nearby local Lago Vista schools for easy
drop off and pick-up, sports, extracurricular activities, and
competitions. Excellent campuses, modern facilities, stadium,
diamond ballpark, indoor practice field, performing arts center
theater. Jonestown Water Supply Corporation serves house (city wide
but privately member owned affordable utility rates). No city
taxes..!!!
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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