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32 Uloque Court
About This Property
Outside, a flat circular driveway makes for easy arrival, and the sloping backyard is surprisingly usable, offering good outdoor space in a mountain setting where that's not always a given. The property also comes with walking access to the lake as well as views, which is hard to find at this price point. It sits close to both the Main Gate and the East Fork Gate, so getting in and out of the community is simple.
Connestee Falls offers so much beyond the home itself. Lake Atagahi is a tenth of a mile away, there's hiking to nearby waterfalls, golf, and a clubhouse if you want to be social. Brevard and Cedar Mountain are both just minutes out, and Pisgah National Forest and DuPont State Recreational Forest are close enough to be part of daily life rather than a special trip. Come see what your life could look like in Connestee Falls.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017