Welcome To This Impeccably Designed D.R. Horton Norfolk Model With
3 BR, And 3 1/2 Baths Located In Ballenger Creek With No City Taxes
And Shows Like A Model !! The Norfolk Model Conveys With An Open
Floor Plan Where The Living Room Effortlessly Flows Into The Dining
Area Leading To A Quaint Family Room Into A Chef Inspired Kitchen
With S/S Appliances, Granite Counter Tops, Custom Hardwood Maple
Cabinetry, Pantry And Informal Breakfast Nook. Main Level
Family Room Exits Onto A 17 X 7 Freshly Stained Deck Ideal
For Al Fresco Dining , Entertaining & Unwinding With Friends &
Family Plus A Shaded Enclosed Private Court Yard.
Sun Filled Triple Palladian Windows In Formal Living Room
With East Exposure, 9 Foot Ceilings, Recessed Lighting, Classic
Wood Blinds, And Oak Hardwood Flooring With Attractive Coffee
Bean Finish. Primary Suite Conveys With Private Bath, Ceramic
Tile Flooring, Soaking Tub, Separate Shower, & Double Sinks.
Laundry Alcove Conveniently Located Adjacent To Bedrooms.
Energy Efficient Tilt Out Vinyl Windows And Interior
Sprinkler Fire Suppression System. Inviting Front Entry Hall
On The Main Entry Level Has Convenient Access To Attached Garage
And Spacious 19 X 13 Multi Functional & Or Recreation Room On Grade
That Accesses The Enclosed Private Courtyard & Could Easily Be
Converted To A 4th Bedroom, & Or Guest Suite Which Currently Has
The Convenience Of An Adjoining Full Bath. HVAC Recently
Serviced & Maintained By Licensed Providers. A New Roof With
New Architectural Shingles Installed Approximately 5 Years Ago With
A 10 Year Warranty Which Can Be Transferred To A New Purchaser.
Enjoy The Warmth & Functionality Of This Town Home With
Multiple Sun Drenched Interior Spaces Simply Perfect If Working
From Home. Stylish & Comfortable Floor Plan Throughout.
Dog Friendly Community & Includes A Number Of Residents In
The Immediate Neighborhood That Gather In The Common Areas To
Socialize Their Pets. Property Is Convenient To Shopping,
Parks, Recreational Activities, Restaurants, & All Commuter Routes.
Unit Size
2,218 Ft²
Days on Market
46 days
Land Size
0.04 acres
Price per sqft
$214
Property Type
Townhouse
Property Taxes
$388
HOA Dues
$204
Year Built
2014
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Cap Rate Calculator
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100% Occupancy
N/A (extreme outlier)
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.
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