**Seller Financing Incentive: Seller is offering a 2/1
interest-rate buydown through Edge Home Finance, reducing the rate
to 5.125% in year one and 6.125% in year two, subject to lender
approval and program terms. Ask for details!** Beautifully designed
and thoughtfully updated, this Highland Homes two-story offers a
floor plan that makes everyday living and entertaining easy. Built
in 2013, the home features 4 bedrooms and 3.5 baths, with the
primary suite conveniently located downstairs and three additional
bedrooms upstairs. At the heart of the home is an incredible
kitchen that opens directly to the living room, creating a
spacious, connected gathering area. The downstairs primary suite
offers a generous retreat with a large walk-in closet, while
upstairs, a large flex room provides endless possibilities as a
media room, playroom, game room, or second living space. Recent
updates include luxury vinyl plank flooring in the primary suite,
upstairs hallways, and flex room. Zoned to highly sought-after
Patsy Sommer Elementary, Cedar Valley Middle School, and Round Rock
High School, this home combines a versatile floor plan, beautiful
living spaces, and an exceptional school track.
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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