Exceptional Derby Woods Colonial on .58 acres with conservation
land backdrop, abutting prestigious Wedgewood Pines Country Club.
This 4 bedroom, 2.5 bath home features an open-concept living room
anchored by a Vermont Castings wood-burning fireplace. The gourmet
kitchen showcases granite countertops, propane cooktop, wall oven
and stainless steel appliances with seamless access to the updated
composite deck. Additional outdoor amenities include a dedicated
circuit panel for swim spa, mature landscaping with in-ground
sprinkler system, and a Reed Ferry shed. Upstairs, a finished
third-floor living area offers versatile space for a home gym, home
office, or guest suite. The lower level provides mudroom, abundant
storage, and workshop space convenient to the two-car garage.
Recently updated with new roof, composite doors, and professionally
maintained exterior paint and trim. Convenient location for
commuters, Masters Academy International, golf courses and apple
orchards.
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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