Gated Community! Cul-de-sac Location! CastleRock Communities
presents the Artesia Floor Plan, a two-story home with Energy Star
certification and green features. Step inside to high ceilings and
an open-concept layout. The spacious family room with gas fireplace
flows into the gourmet kitchen featuring Silestone countertops,
pots and pans storage, a large island, breakfast bar, gas cooktop
and walk-in pantry. The primary suite offers a spa-style bath with
dual sinks, soaking tub, separate shower, and walk-in closet. Three
additional bedrooms, including a 2nd bedroom down with en suite
bathroom & a study/home office, offer flexible living space. Energy
upgrades include a tankless water heater and high-efficiency HVAC.
Enjoy a covered patio and and second story balcony! Amenities
include clubhouse, pool, splash pad, fitness center, courts, and
trails. Convenient access to shopping, dining, and major roadways
nearby.
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.
Lot Features: Back Yard, Cul-De-Sac, Subdivided, 1/4 Up to 1/2 Acre
Lot Size Area: 0.2538
Lot Size Units: Acres
Lot Size Acres: 0.2538
Lot Size Square Feet: 11054
Water Source: Water District
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Natural Gas
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Dog Park, Fitness Center, Jogging Path, Park, Party Room, Picnic Area, Playground, Pool, Security, Sport Court, Tennis Court(s), Trail(s), Controlled Access, Paid Patrol, Pickleball Court, Pond, Splash Pad, Stocked Pond
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