217 NORWALK CIRCLE
About This Property
The thoughtfully designed kitchen includes a generous walk-in pantry, ideal for storing all your culinary essentials. Enjoy serene mornings on your large, screened back porch, overlooking an undeveloped property, or unwind with a stunning sunset from your quaint front porch, facing west beyond the planted pines, offering glimpses of Lake McLeod.
This home ensures plenty of privacy with no front or back neighbors, just peaceful surroundings with well-spaced homes on neighboring 1/2-acre lots. The spacious backyard is perfect for entertaining, with ample room for a pool and plenty of space for outdoor activities. The oversized driveway accommodates a boat and RV, offering convenience for all your adventures.
The split living and open floor plan creates a spacious yet private feel, while the extra room provides flexibility-ideal for a home office, homeschooling, or additional living space. The large laundry room features built-in shelves, and the property is outfitted with modern amenities, including a 4-year-old A/C system and convection double oven. Both the exterior and interior paint were updated just 4 years ago, with all faucets and the garbage disposal replaced 1.5 years ago.
As an added bonus, the seller will have a brand-new roof installed prior to closing for the new buyer, ensuring peace of mind for years to come. This home is truly a gem, offering privacy, comfort, and the opportunity to make it your own in a tranquil, low-traffic setting. Don't miss out on this incredible opportunity to own a well-cared-for property in a serene, country-like setting with no HOA!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017