Welcome to Your Paradise Gem at Mountain Oaks Estates! Discover the
perfect blend of tranquility & accessibility in this stunning gated
community, nestled on a scenic ridge. Mountain Oaks Estates is
renowned for its breathtaking views & natural landscapes, offering
residents a serene lifestyle amidst the beauty of the Coastal
Mountain Range, Sutter Buttes, Butte Valley, and the Sierra Nevada
foothills. Just three minutes away, the full-service Lime Saddle
Marina on Lake Oroville invites you to enjoy houseboating, fishing,
wakeboarding, camping, & so much more. With convenient access to
major freeways, Sacramento is only 1.5 hours away, Truckee 2 hours,
and San Francisco 3.5 hours. The homes in this community are
thoughtfully spaced approximately 40 feet apart, ensuring a
peaceful atmosphere. This property features owned solar w/ two
batteries and thirteen micro-inverter panels, showcasing a
commitment to sustainability. The new composite front deck warmly
welcomes you. As you enter, beautiful hardwood floors lead you into
the inviting living room, boasting 9-foot ceilings and a stunning
vaulted knotty pine tongue-and-groove ceiling that rises to 11
feet. A cozy free-standing gas wood stove sits on a brick hearth,
perfect for chilly evenings. The kitchen is a chef's dream,
featuring crown molding, recessed lighting, and an 8-foot
entertaining bar overlooking the dining area. With tile counters,
built-in appliances, abundant cabinets w/ pull-out drawers, a
pantry, & tiled floors, this space is both functional & stylish.
Retreat to the primary bedroom suite, which features a double-door
entrance, crown molding, & a private door leading to the backyard.
The luxurious primary bath includes a spacious double vanity w/
tile counters, a jetted tub with glass block privacy windows, a
separate glass-walled shower & tiled floors. Both guest bedrooms
offer bay window benches with storage underneath & walk-in closets
for added convenience. The fantastic laundry room provides ample
storage, with cabinets above the washer & dryer, as well as upper &
lower cabinets on the opposite wall, complete with a generous
folding counter. Step outside to your serene backyard oasis,
featuring a 36' x 10' composite deck w/ metal railing, including a
covered area of approximately 170 sq. ft. The fully landscaped &
irrigated yard sets the stage for peaceful outdoor living. This
isn't just a house; it's a
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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