Charming Woodbridge Village condo located in the desireable Alders
community. This end unit, single story, lower level unit with no
steps offers you the opportunity to own your own home, begin
building equity or would also make a great rental property. This
upgraded unit features laminate wood plank flooring, plush
carpeting, granite counters, snack bar, upgraded light fixtures,
recessed lighting, window blinds, stainless steel appliances and
the home was just freshly painted. The cheery kitchen offers
granite counters, stainless steel range, microwave, dishwasher &
refrigerator and opens onto a lovely separate dining room with
glass pendant lighting. The dining room would also be a great place
for a home office. This desireable plan has a large spacious living
room with many windows. The generously sized master suite has a
walk-in closet & separate vanity with sink. The hall bath has
granite counters, upgraded shower fixtures and tile flooring. Enjoy
the central air conditioning. An interior laundry closet in
conveniently located off the kitchen.Washer, dryer and a stainless
steel refrigerator are all included. The front of the unit
has a private enclosed patio to sit & enjoy your coffee in the
morning or relax after work. There is also an exterior storage
closet that provides room for your extra things. Your carport is
directly in front of the unit as well as ample guest parking. Enjoy
all Woodbridge Village amenities including several lakes, fishing,
boating, parks, tot lots, pools, spas, pickleball, tennis courts
and more!!! Located in the highly ranked Irvine School district!
Unit Size
1,022 Ft²
Days on Market
103 days
Land Size
-
Price per sqft
$724
Property Type
Condo
Property Taxes
-
HOA Dues
$694
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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