200 Reese Drive
About This Property
The heart of this open floorplan is a gourmet kitchen featuring upgraded appliances, sleek quartz countertops, and a large island flowing seamlessly into the vaulted living area. Designed for effortless living, the main level includes a huge pantry, custom drop zone, and a dedicated first-floor office, alongside a luxurious first-floor primary suite.
Step into your private backyard oasis, just a few steps down from the main level. An enormous screened porch overlooks a sparkling in-ground pool complete with a custom stone fountain and architectural pergola. The fenced yard backs to mature trees, providing unmatched privacy and serenity. Perfectly situated in a sought-after location that gives you the quiet of the country in an elegant neighborhood with easy access to Raleigh. This 3-bedroom retreat is the move-in-ready pool home you've been waiting for. Truly a little slice of paradise!
Assumable VA loan with a 2.87% interest rate means your money goes even farther. Contact us for more details! USDA 100% financing eligible address.
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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