Enjoy the comfort of a traditional home with the convenience of
low-maintenance living. Covered front entry with a gently raised
threshold and no stairs to climb, making it easier to carry
groceries, move belongings, and welcome guests. Beautifully
maintained and all brick, this detached home sits on its own lot
and is filled with natural light. Hand-scraped engineered wood
floors and smooth ceilings add warmth. The kitchen offers abundant
cabinetry, granite countertops, ceramic tile backsplash, work
island, large pantry and included appliances. A coffered ceiling
and gas-log fireplace with granite hearth add character to the
great room. The main-level primary suite features a tray ceiling,
generous walk-in closet and tiled walk-in shower. Energy-efficient
windows with 2-inch faux wood blinds, excellent storage and a
two-car garage add function. HOA provides landscaping, irrigation
and specified exterior maintenance, including roof care, per
governing documents. Located on a dead-end street. A $10,000
seller-paid flex credit gives the buyer options at 4010 Ralston
Drive! With an acceptable offer, apply it toward a painting
allowance, eligible closing costs or a mortgage rate buydown.
The irrigation system is operated and maintained by the HOA
only.
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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