4450 Seven Coves Loop Loop
About This Property
This unique, semi-secluded property that lies a half mile down a private road features an 1850 square foot primary residence with two bedrooms, two bathrooms, a 1680 square foot detached Workshop/3-car garage and 450square foot mirrored front and back porches under a heavy-duty metal roof. The impressive westerly view of Belton Lake and the remainder of the wooded property cannot be overstressed!
The immaculately maintained primary residence boasts a new HVAC system in May 2024 and features beautiful hardwood flooring, a large living room, and primary suite. Double doors open into a primary bath that features dual vanities, a make-up area, shower, and A HUGE primary closet. Bedroom 2 with hardwood flooring is being used as an arts & crafts room/home office.
The massive workshop/garage/guest suite was originally designed to include a one bedroom, one bathroom efficiency apartment. A steel framed building with work benches, multiple high voltage outlets, and loads of workspace, it has unlimited possibilities! Priced right to sell quickly, it is a must-see property!
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Cap Rate Calculator
What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2024 | Listed by Brautigan Realty | $429,900 | |
| Listed by Brautigan Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017