54163 Ridgeview Circle
About This Property
Located in the desirable Rolling Meadows neighborhood, this spacious ranch home offers comfortable living on a beautiful 1.2-acre setting between Paw Paw and Mattawan with easy access to I-94.
Step inside to find a bright and inviting living room and kitchen featuring vaulted ceilings and recessed lighting. Fresh paint and new carpet in the living room and main floor bedrooms give the home a clean, updated feel. The kitchen offers ample cabinet and counter space, a convenient eating area, and sliders leading to a deck overlooking the large private backyard.
The main floor primary suite includes a private full bath, while two additional bedrooms, a second full bath, and a laundry area with half bath provide plenty of space and convenience.
The full basement with an egress window offers excellent potential for future finishing to create additional living or recreation space. 2 car attached garage adds practicality and storage. Outside the expansive yard is filled with flowering trees with plenty of room for outdoor activities, gardening or entertaining. Enjoy a peaceful country feel and all that a neighborhood has to offer.
A short drive to Lake Michigan, wineries, shopping, dining and everyday conveniences.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017