This stunning Royal Faulkner home is a spacious 2-story residence
offering 2,729 sq. ft. of elegant living space. It features four
bedrooms, four bathrooms, & a versatile bonus room, including one
of the four bathrooms upstairs. Upon entering, you'll find a
welcoming foyer that leads to a gallery and flex room, conveniently
situated adjacent to the fourth bedroom and full bath-creating a
private, secluded suite at the front of the home. The heart
of the home boasts an open-concept kitchen, dining, and great room,
ideal for entertaining. A large covered lanai at the rear provides
seamless indoor-outdoor living and outdoor entertaining space.
The luxurious master suite includes an ensuite bathroom and an
expansive walk-in closet, offering ample storage for the homeowner.
Two additional bedrooms share a well-appointed hall bath.
A practical family foyer and a separate laundry room are tucked
away in a private area, enhancing functionality and organization
throughout the home.
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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