Exceptional ranch level home with a finished walk-out basement in
the desirable Willows neighborhood! This light filled home features
main floor vaulted ceilings, an open floor plan, custom
wood-working/trim and wall accents, built in book cases, lighted
display cases and is perfect for both everyday living and
entertaining. The unique addition of an award winning octagon
shaped family room with beautiful wood ceiling, skylights,
fireplace and 4 sliding doors offers seamless outdoor connectivity
to a multi-level Trex deck and a very private tree-lined back yard
with lush landscaping. Remodeled kitchen with custom cabinetry,
granite countertops and stainless steel appliances. The main level
library/office flows into the primary bedroom suite (featuring a
jetted tub and custom walk in closet) and the beautiful screened-in
covered porch is a great retreat to relax enjoy your morning
coffee. The finished walk-out basement has coffered ceilings, a
wet-bar in lower level rec room, a crafting/flex room, bedroom and
bathroom, built-in desk and bookcase areas and storage room. The
Hardy fiber cement siding and DaVinci composite shake-style
shingles (Class A fire rating/Class 4 hail resistance) are
aesthetically pleasing while offering enhanced durability,
longevity and reduced maintenance. The swimming pool, tennis
courts, and playground are a short walk and are maintained by the
HOA. Property is located next to the LOBO trail and creek. Check
out the Matterport virtual tour!
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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