A horse lover's retreat in Wylie with an outdoor oasis and guest
house! Situated on approximately 2 acres outside city limits with
no HOA, this cross-fenced property features a 36x36 horse barn with
electricity, water, four horse stalls, a separate tack room, and a
separate tool room, with hay loft and storage above. The
2,158-square-foot ranch-style main home offers 3 bedrooms, 2.5
baths, 2 living areas, a breakfast nook, a masonry wood-burning
fireplace, maple kitchen cabinets, granite countertops, crown
molding, and remodeled bathrooms. Improvements made over the years
include roofing, flooring, windows, doors and hardware, lighting,
ceiling fans, and a main-house heat pump. A separate
520-square-foot guest house includes its own entrance, full bath,
heating and air, and plumbing for a future kitchenette. Relax and
entertain around the diving pool with updated plaster and tile,
stamped decking and walkways, a pergola, fire pit, landscaping, and
stonework. A 2-car carport, RV and boat parking provide added
versatility. Conveniently located near historic downtown Wylie,
Lake Lavon, major highways, retail, and shopping, this property
combines country charm with room to live, play, and unwind!
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017