Hugging a woodsy greenbelt in the heart of this active-adult
resort, this delightful Sun City Texas Surrey Crest also offers a
completely xeriscaped yard offering easy care and water-saving
features. After greetings from a covered front porch, a Foyer
introduces the Front Breakfast Room open to the Island Kitchen.
A handy Pantry Closet is perfectly-placed, while twin windows
in the Breakfast Room view the professionally landscaped front
yard. Gleaming stainless-steel appliances in the Kitchen also
include the refrigerator, while the nearby Laundry Room includes
bonus storage and a soaking sink. This space is the access
point to the generous Two-Car Garage with rack storage making
bringing-in groceries as easy as pie! An operable window in
the Laundry adds rich natural lighting. A curved bar-top
offers yet another eating space in the Great Room, where enough
area also allows for Dining in the Great Room. Off the Great
Room, the look of wood blankets the floor of the Study/Computer
Room, a perfect Office-at-Home entered through sparkling French
doors. At the rear of the home, the king-sized Primary
Bedroom hosts a wall of windows viewing the xeriscaped back yard
and the adjacent greenbelt dotted with native trees.
Meanwhile, the Primary Bath touts a Walk-in Shower and
extra-large water closet, ideal for those with mobility issues, or
just everyday ease. A Linen Closet, dual vanities, and a
generous Walk-In Closet complete the suite. At the front of
the home, the Guest Bedroom views the landscaped front yard, while
the full Guest Bath with a Linen Closet is adjacent. Twin
sets of full-view glass doors in the Great Room open onto the very
private Covered Patio, where a slatted wall provides additional
privacy at this Patio retreat overlooking the year-around beauty of
the wooded greenbelt. Near myriad activities of Cowan Creek
Amenity Center and Golf Course, this well-place home is also easily
accessible to all three 18-hole golf courses. A/C replaced 2019.
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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