Single-story 3 bed, 2 bath Heritage Lake home with solar, open
chef's kitchen, walk-in pantry, primary suite with soaking tub and
walk-in closet, and a backyard with built-in fire pit. Built in
2021 with a stacked-stone entry, plantation shutters, luxury vinyl
flooring, and a custom media wall in the great room. The kitchen
features white shaker cabinets, gold hardware, granite counters, a
large island, stainless appliances, double ovens, and a gas
cooktop. The primary bath offers a soaking tub, walk-in shower, and
dual vanity. Laundry room with built-in storage. Outside: patio,
fire pit lounge, and low-maintenance turf. About 1,866 sq ft on a
5,000 sq ft lot with a 2-car garage. Heritage Lake offers a lake,
clubhouse, resort-style pool, splash pad, parks, dog park, and
walking trails. Near Mesa View Elementary, Boulder Ridge Middle,
Heritage High, and the I-215.
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.
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