This distinguished property has a sprawling ranch-style home offers
a masterclass in chic, intuitive style. Not a single detail in the
4 bed, 2 bath design was overlooked. From the built-in shelving and
custom light fixtures to the paneled doors and sleek cabinet
hardware, every upgrade is tasteful and timeless. Designer
wallpaper works effortlessly with custom touches like shiplap
accent walls, high-grade wood flooring, & recessed lighting to
create the feeling of cool, relaxed luxury. The great room is
anchored by a brick fireplace & mantle, while the oversized windows
provide ample natural light. The gourmet kitchen offers elegant
silestone counters, & a six-burner gas cooktop, while the home's
open concept design allows for an unhurried feel from one room to
the next. The master bedroom is affixed with a designer ceiling
fan, sliding barn doors, & an en suite that features double
vanities, a walk-in shower, & more of the ornate hardware that set
this home apart from the rest. As impressive as the well-appointed
home is, the outdoor space manages to create just as memorable an
impression. The front of the property includes modern, horizontal
fencing, an established, easy-to-maintain landscaping, & a
convenient entry path and driveway. But the real gem is behind the
house, where the resort-style pool, palapa, & patio make up the
first level of a terraced backyard that goes on to include a
putting green, additional outdoor living space, & even a basketball
court. The covered back patio includes double ceiling fans & an
oversized tiled ceiling. The lower deck is adorned with string
lights and a chic iron railing that looks out over native
wildflowers and a lush greenbelt. As if this wasn't enough, the
property also backs to Williamson Creek, a wet-weather riparian
biome offering all the privacy and nature of a secluded hideaway
while only being minutes from some of the best shopping, dining,
and recreation that the city has to offer.
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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