Beautiful 4-bed, 2.5-bath home in Forest Ridge Golf Community!
Features include a front office with French doors, large bonus/game
room, 3 car garage. Updates throughout: fully remodeled kitchen and
primary bath with quartz countertops, new light fixtures, ceiling
fans, white oak wood floors, and full interior/exterior repaint
(2023). Primary suite offers coved ceilings, a walk-in tiled
shower, soaker tub, and backyard access. Enjoy the new concrete
patio, pergola, and new landscaping. New roof (2022), Culligan
whole-house softener, storm shelter, and spacious utility room.
Great location near highways, shopping, and the Rose District.
Residents enjoy discounted Ridge Club golf, pool, tennis, fitness,
parks, and trails!
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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