2448 Otero Pass
About This Property
This beautiful single-story residence offers 3 bedrooms, 2 full bathrooms, a spacious 3 car garage. Plus a dedicated home office with French doors and built in shelves - perfect for remote work or quiet study. Situated on a large corner lot, the property features a generous backyard with endless potential for entertaining, gardening, or adding a pool.
Inside, the open concept floor plan places the kitchen at the heart of the home. Enjoy a gas cooktop, kitchen island, and an extended breakfast bar that flows seamlessly into the living and dining areas, ideal for gatherings and everyday living. The kitchen also offers a nice view of the backyard, letting in plenty of natural light.
Refrigerator, washer, dryer, couch, office desk, and bar stools are negotiable.
Upgrades include new HVAC system in 2023, new dishwasher 2021, and roof repairs completed in 2022. Smart thermostat, doorbell, and lighting makes operating the home easy from your phone.
Residents of Santa Fe Enclave enjoy access to great amenities, including a community pool, park, jogging trails, and a tranquil pond. Don't miss the opportunity to live in this desirable, gated neighborhood!
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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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About Fort Worth
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017