248 BELLA Drive
About This Property
This versatile home is further enhanced by two additional bedrooms, a beautifully upgraded guest bath, a separate laundry room, and a two-car garage.
The serene outdoor living space features a covered and screen lanai overlooking a preserve, upgraded landscaping, and a rear paver patio. Additional upgrades include: water conditioner system, upgraded hybrid water heater, upgraded architectural shingle roof, wired for security system, ring door bell, upgraded light fixtures, recessed lighting, ceiling fans throughout, blinds throughout, neutral paint, covered front porch, Hardie plank lap siding, striking wood floors, quality ceramic tile flooring, USB changing outlet in owner's suite, Termite Bond with eight years remaining before a treatment is required, and a Barn door that leads to bedroom three/office. This wonderful home is surrounded by nature and nestled in the desirable Villages of Valencia complete with a community pool, volleyball court, BBQ grills and no CDD fees! All information pertaining to the property to be deemed reliable, but not guaranteed. Information to be verified by the Buyer.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017