2670 Crimson Downs Drive
About This Property
The details and craftsmanship on this better-than-new home seamlessly blend elegance with functionality and will wow the most discerning homebuyers. Renowned as the perfect floor plan, each room is thoughtfully designed to maximize space and comfort, offering an ideal setting for both relaxation and entertainment. This lovely 4 bedroom, 3 bath home offers the Primary Suite on the main floor along with 2 additional bedrooms and one full bath. The heart of the home, the chef's kitchen, is open to the family room with gas fireplace and built-in bookshelves and the breakfast room (currently staged as a sitting area) with easy access off the breakfast room to the screened-in porch. A private dining room and spacious laundry/mud room round out the main floor. A staircase with gleaming hardwood treads leads you to the upper level boasting a large recreation room/loft, bedroom and full bath.
Enjoy unparalleled community amenities including a Junior Olympic swimming pool, kiddie pool with waterslide and mushroom waterfall, 8 lighted tennis and pickle ball courts, viewing pavilion, private clubhouse, and playground. The Village Green is a central gathering place with sports fields, gardens, walking paths, and benches. Residents also enjoy a full activities calendar curated by a full-time activity's director and benefit from trash removal and lawn maintenance included in the HOA fees. There's plenty to do within Mountain Crest, as well as within the city of Cumming's uniquely rural surroundings. Here you can enjoy life amongst nature, easy access to Big Creek Greenway, the beloved Sawnee Mountain Preserve, Lake Lanier, and world-class golf courses. You'll also appreciate easy access to GA 400 and Hwy 20, close proximity to Cumming City Center and shopping at Market Place Center, The Collection, and Halcyon. Then when the city calls, Atlanta is only a 40-mile drive away.
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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