Welcome to "The Ridge" conservation area! This stunning
contemporary ranch-style home ,designed for modern living,
strikes a perfect balance between privacy and community with
nature trails nearby and breathtaking views from your
backyard. Thoughtfully designed, this home features an
open-concept living area that seamlessly blends comfort and
functionality. The main living area features a spacious living room
with a gas fireplace open to the kitchen and dining area, equipped
with high-end appliances and ample counter space, as well as a
coffee bar, making it an ideal space for casual dining. The
formal dining room is an ideal setting for hosting large
gatherings. Step outside onto the deck (with awning), where you can
enjoy serene views of the backyard making it a perfect spot for
morning coffee or evening relaxation. The split bedroom floor plan
allows for privacy with a primary bedroom , complete with an
en-suite bath, double sink vanity and a spacious walk-in
shower. The walk-in closet has found a new purpose as a peaceful
meditation room, but it could easily revert back to a traditional
closet. There are two additional bedrooms with a full bath
perfect for family members or guests, offering ample space and
privacy. Additionally, there is a pantry and a half bath with
laundry.The finished lower level offers 900+ square feet of
versatility! This area is perfect for a family room, recreation
space or whatever suits your needs. Plus, there's a separate
room currently set up as an artist's studio, with a large closet
(with shelving) for all your creative supplies. There are two
mini splits on the lower level for heat and a/c. Enjoy the
beautiful nature trails (The Ridge and Mineral hills)
offering the peace and tranquility of nature right at your
doorstep. All appliances remain including a new washer, dryer
and dishwasher. . Central Vac, Sprinkler system, and solar
panels (leased). BEST AND FINAL OFFERS BY NOON ON 8/29.
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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