Location! Expanded Cape with full legal in-law apartment set on a
cul-de-sac in the center of highly desired neighborhood. A warm
welcome invites you into the living room with the ambiance of the
pellet stove and French doors that lead into the sunroom. The
kitchen hosts a center island and large dining area, perfect for
family gatherings and entertaining. 1st floor 3/4 bath & laundry
room offers convenience and storage. Upstairs you'll find the
spacious primary with fireplace, 2 additional bedrooms and
remodeled full bath. Lower level includes a huge rec room, bonus
room, built-in workshop area & mudroom w/plenty of added storage.
Adjoining the 1st floor, the in-law apartment offers an open floor
plan, kitchen with island, gas fireplace, bedroom, full bath,
central air, private attic and separate entrance. Relax on the
farmer's porch, dine on the patio, or cool off in the inground
pool. Extra features: oversized 2 car garage, Trex decking,
irrigation system and gardens galore!
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.
Listed by Advocate Realty/Stikeleather Real Estate
$1,079,000
Listed by Advocate Realty/Stikeleather Real Estate
Location! Expanded Cape with full legal in-law apartment set on a cul-de-sac in the center of highly desired neighborhood. A warm welcome invites you into the living room with the ambiance of the pellet stove and French doors that lead into the sunroom. The kitchen hosts a center island and large dining area, perfect for family gatherings and entertaining. 1st floor 3/4 bath & laundry room offers convenience and storage. Upstairs you’ll find the spacious primary with fireplace, 2 additional bedrooms and remodeled full bath. Lower level includes a huge rec room, bonus room, built-in workshop area & mudroom w/plenty of added storage. Adjoining the 1st floor, the in-law apartment offers an open floor plan, kitchen with island, gas fireplace, bedroom, full bath, private attic and separate entrance. Relax on the farmer's porch, dine on the patio, or cool off in the inground pool. Extra features: oversized 2 car garage, Trex decking, irrigation system, solar panels and gardens galore!
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