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23861 N 21ST Place
About This Property
At the heart of the home is the updated gourmet kitchen featuring 42-inch cabinetry, a large center island, abundant storage, and an open-concept design that flows seamlessly into the spacious great room. Soaring 14-foot ceilings add to the open, airy feel, while separate formal living and dining rooms provide additional space for entertaining. Oversized sliding doors create an effortless connection between the indoor and outdoor living spaces.
Step outside to your private backyard retreat featuring a play pool with waterfall, paver patio, and putting green. Even better, the pool receives full shade by approximately 3:30 PM--an especially welcome feature during Arizona summers.
Major efficiency upgrades include an owned solar system, an AC replaced in 2019, and the rare addition of a whole-house attic fan designed to quickly cool the home while helping reduce energy costs.
Located on a welcoming, close-knit street where neighbors truly know one another, the home is also conveniently located near highly rated schools, shopping, dining, and easy access to both the Loop 101 and SR-51 freeways.
Single-level homes offering this combination of space, upgrades, efficiency, and outdoor living are hard to find. Welcome home!
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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