Thoughtfully updated four-bedroom, three-bathroom home with two
primary suites. The flexible floor plan includes a ground-floor en
suite bedroom ideal for guests, multigenerational living, or a home
office. Upstairs are three additional bedrooms, including a
spacious primary suite, plus a large family room. The
well-appointed kitchen features a bay window overlooking the front
yard, generous storage and prep space, and stone countertops. An
adjoining flex space can serve as a breakfast nook or cozy den and
includes a fireplace with a ventless gas log set. Energy-efficient
features include double-pane Pella windows, a newer HVAC system,
and a solar array. A large pergola covers the back patio, which
overlooks one of Milwood's largest lots. The level, landscaped yard
includes mature trees, a sprinkler system, several productive
raised beds for herbs, vegetables, and flowers, and an established
asparagus patch beside the patio. The spacious, private backyard
also features a whimsical raised playhouse with a deck and a large
storage building with room for a workshop, lawn equipment, tools,
or toys. The lot may also accommodate in-ground swimming pool.
Zoned for excellent schools-Summitt, Murchison, and Anderson-and
within walking distance of Summitt Elementary.
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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