Motivated seller! BEAUTIFUL 3-bedroom, 2-bathroom home offers
comfortable first-floor living with a spacious primary suite,
walk-in closet, and all main living areas conveniently located on
the first floor. A finished bonus room above the two-car garage
provides additional flexible living or storage space. The kitchen
features all stainless steel appliances, kitchen bar for seating
and new granite countertops. The flooring was updated last
year with luxury vinyl plank. The two car attached garage
includes a built-in workbench. Enjoy the peaceful setting from the
screened-in front porch overlooking the pond, or relax on the large
back porch featuring a custom table and bench seating. A breezeway
conveniently connects the garage and house. Previously set up and
used for horses, this property offers a variety of features that
include a pole barn. Water and electricity connected to the pole
barn. Outdoor lightning at all four corners of the pole barn. A
separate 12 x 24 run-in shelter could be converted into a large
shed. There are also corner and gate posts installed for
future fencing. Other features include 30-amp
RV/Camper/horse-trailer hookup, two tractor trailer storage
trailers, large privacy fenced area that is currently divided into
two separate fenced sections; a center divider can be removed to
create one large enclosure, and two-store doghouse. With its
spacious home, pond views, multiple outdoor structures, existing
fencing infrastructure, and former horse setup, this property
offers a unique opportunity for anyone looking for room to enjoy
country living, animals, hobbies, or recreational pursuits. Horses
welcome! Your dog will love the fenced in yard! (Please Note
some photos are Virtually Staged.) Seller is offering a $5,000
credit toward buyer's closing costs or rate buydown with an
acceptable offer!
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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