224 W Oak LOOP
About This Property
The screened in back patio off of the living area leads to 20' x 34' heated swimming pool built by Cody Pools that is low maintenance with PV-3 In-floor pool cleaning system. The pool underwater lights with eight colorful modes for night time swimming and bubblers. The owners expanded the patio surrounding the swimming pool to allow plenty of room to lounge in your favorite chairs on warm afternoons. Steps away is your Master Spa Twilight Series hot tub with 44 jets, lounge seating that comfortably sits six, and low maintenance.
On the back part of the lot is a detached charming and inviting Guest House/Possible AirBNB with wrap around porch and its' own HVAC and full bathroom. The current owner has used for an AirBNB and it is fully furnished. All furniture conveys including bed linen. In 2023 they earned approximately $13,000. No showings April 4th to 8th.
Capital City Roofing replaced the shingle roof for the house and guest house in 2020. The exterior of the home and both the exterior and interior of the guest house was painted with Sherwin Williams Super Paint in 2020.
Homeowners Association is voluntary. No fees. Primary goal of Homeowners Association is to assure all homes are on concrete slab and there is no livestock.
The canopy of stars on clear nights is amazing! The stars are so vivid and mesmerizing while relaxing in the hot tub due to very little light pollution.
The owners will truly miss the country life style in their backyard oasis offering plenty of space between their neighbors. They have continually invested in upgrading and keeping the home in top condition.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Price Decreased |
$529,900
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Mar 21, 2024 | Listed by Coldwell Banker Realty | $549,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017