Welcome to your new Courtyard home on Mill Island in desirable
Worman's Mill! This beautifully maintained Waterford model,
lovingly cared for by its original owners, offers spacious living,
thoughtful design, and access to an exceptional array of
resort-style amenities. Step into the inviting foyer, which opens
to a beautiful living room and elegant dining room with crown and
chair rail trim. The spacious family room features impressive
two-story ceilings and flows seamlessly into the gourmet kitchen.
The kitchen is equipped with stainless steel appliances, dual wall
ovens, a 5-burner gas cooktop, an island with granite countertops,
pantry, and a generous breakfast area. From there, step into the
screened-in porch and out onto the large deck-perfect for relaxing
or entertaining. The main-level primary suite with crown molding
and tray ceiling provides comfort and convenience, featuring two
walk-in closets and a luxurious primary bath with a huge shower
with a built-in seat and a large soaking tub. A first-floor laundry
room adds even more everyday convenience. Upstairs, you'll find two
generously sized bedrooms and a full bath. The finished basement
offers additional flexible living space that can be used as an
office or bedroom, along with a full bath. Life at Worman's Mill
offers an abundance of amenities right outside your door, including
three pools, beautifully landscaped common areas, a clubhouse,
tennis, pickleball and basketball courts, tot lots, restaurants, a
convenient corner store, and Friday and select Saturday evening
music at the gazebo (seasonal). With great shopping nearby and so
much more to enjoy, this exceptional home combines comfortable
living with a vibrant, resort-like community lifestyle.
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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