Reduced $550k! Totally renovated home from top to bottom! Perfectly
situated on a cleared 5-acre lot - build your desired equestrian
amenities, including a covered arena. This home boasts an open
floor plan with center-island kitchen, gas cooking and quartz
counter tops. The home features 4 bedrooms, 3 full baths, a large
office/den, impact windows & doors, all new AC systems, reverse
osmosis water treatment system and sprayed icynene insulation in
the attic for energy efficiency. The pool has been refinished along
with the expanded pool deck & new summer kitchen. The driveway has
new entry columns and electric gate. Situated on a quiet
street in this gated equestrian subdivision and close to all of
Wellington's equestrian venues. Don't miss out on this great
opportunity, a must see! The Seller has HOA approved plans for a
12- stall barn with 4 wash stalls, feed, tack, kitchen and storage
rooms. Plans are ready to be submitted to the County for
permit. (12 Stall maximum allowed per lot. Covered arenas and
boarding now allowed).
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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