5431 FT CAROLINE Road
About This Property
This tucked away ,quiet, private home with a courtyard entry 2 car garage, is a find! One enters the home from a covered entry and steps into a tiled foyer & sees a brick fireplace(See the More tab) which is wood burning, with a mantle and grass cloth wall feature that soars to meet the vaulted ceiling of the Great Room. The new Pergo wood laminate flooring runs throughout the house with tile in both bathrooms. An enticing wood door in the Great Room leads to one of the roofed screened wood decking porches and the yard, where one can enjoy nature. The other roofed wood deck is very private and is accessible from the second bedroom and Breakfast area of the Kitchen.
The Kitchen and MBA were just recently remodeled with new cabinets, granite countertops and antique brass fixtures and faucets . This super user friendly Kitchen is floored in Pergo wood Laminate , is open to a Breakfast Room area, Laundry closet , and boasts an island with seating. All Kenmore appliances, including a built in microwave and metal backsplash complete this great space.
The Master Bath has been remodeled with a custom tiled shower , glass shower enclosure with antique brass trim in the faucets, mirrors, light fixtures , hardware and 20" floor tiles.
The third Bedroom could , also, easily be used as an office or den as it has double pocket doors leading to the Great Room.
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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.
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017