Back on market as Buyer got cold feet about buying process. Nothing
to do with inspections. New 30-year Dimensional shingle Roof to be
installed prior to closing. Stately brick construction defines this
traditional two-story residence, presenting a classic exterior in
this Standout Oak Creek Park Gem. A concrete driveway leads to an
attached 2 car garage, while a front porch & private entrance offer
a welcoming transition into the home. Rain gutters frame the
structure, which is situated on a lot with mature shade trees.
Inside, the entrance foyer showcases wood-laminate flooring, a high
ceiling, crown molding, and a chandelier. The open floor plan flows
into a spacious living room featuring wood flooring, crown molding,
plantation shutters, a ceiling fan, and a classic fireplace.
Elegant crown molding, wainscoting, and a chandelier frame the
dining room, while a powder room with high ceilings and wainscoting
is positioned off the lower hallway. At the front right of the home
is a great flexible home office or second living space or playroom.
The kitchen is equipped with stone counters, a kitchen island, a
breakfast bar, pantry, built-in features, and stainless steel
appliances including a gas oven/range, dishwasher, microwave, wine
cooler and refrigerator. A dedicated laundry room with tile
flooring, washer, dryer, and built-in features completes the
interior utility spaces. Soft plush carpeting leads up the classic
staircase to an upper landing overlooking the entry below. The
carpeted bedrooms are highlighted by vaulted ceilings, ceiling
fans, and plantation shutters. In the primary bathroom, you will
find a double vanity, a soaking tub, a separate glass shower, tile
counters, track lighting, ceramic tile flooring, and an adjacent
large walk-in closet. Outside, the fenced back yard features wood
fencing and views of mature trees. Outdoor living options include a
paved patio, a raised wooden deck, a stone fire pit, & a garden
area. Both HVAC's recently replaced.
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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