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592 Cinnabar Ln
About This Property
As you step inside, you'll be greeted by an open main floor layout that seamlessly connects the kitchen, family room, dining room, and living room. Working from home has never been easier with the convenient main-floor office/den, complete with a cozy gas fireplace. High-quality cabinets, gas stove-top, double oven, large pantry, and center island make the kitchen a chef's paradise. All appliances are included, so you can move right in and start enjoying your new home right away.
Upstairs, the spacious primary suite wing is separate from the other bedrooms, and it offers a large walk-in closet, linen closet, and a luxurious 5-piece bath. At the other end of the walkway are 3 additional bedrooms and a full bath.
The double French doors from the kitchen lead you to the sunny and partially covered brick patio, where you can unwind and enjoy the beautiful Colorado evenings. A gas fire pit adds a touch of warmth and ambiance. The side yard provides ample space for outdoor activities, and there are miles of trails just beyond the backyard fence. A short walk will take you to the community pool, clubhouse, parks, and trails, providing endless recreational opportunities.
The basement retreat features another conforming bedroom, a 3/4 bathroom, a workout area, and an entertainment room with 3 built-in beer taps-a great space to relax and unwind.
With an accepted offer, the sellers are offering up to a $20,000 credit to buyers at closing, which can be used to help buy down the mortgage interest rate or applied towards closing costs.
Clubhouse + outdoor pool is at 7550 Soapstone Way. Sapphire Pointe community info https://sapphirepointe.com
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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