Wonderful MAIN FLOOR living in sought after Legacy Ridge. 3
BR, 2.5 bath, open floor plan, large great room with hardwood
floors, cathedral ceiling and beautifully updated gas fireplace.
Primary bedroom, with tray ceiling, large 5 piece luxury bath, &
large walk-in closet. Main floor laundry with additional storage,
large office & powder room. Completely updated kitchen: newer LG SS
appliances, 42 inch cabinets, solid surface extra deep sink, newer
counter tops. Great deck to take in the mountain views with
firepit/table and chairs. Two guest suites on the Lower level with
large closets, full guest bath, recreation room large enough for
entertaining, exercise equipment, TV room and additional storage.
Large two car garage with work bench and extra storage in garage
attic. Walking distance to trails, pool, tennis, Legacy Ridge golf
course. Water heater replaced in 2019. Main floor recessed lights
changed to LED.
Unit Size
2,568 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$204
Property Type
Condo
Property Taxes
$294
HOA Dues
$367
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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