"Coveted Upton Ridge" This customized Bright, Sunny Tuscan style
with oversized windows and has 2800+- square feet of elegant
living. Over $100,000 in extras for the lot premium and Quality
upgrades. Welcoming entry with custom decorative molding. French
doors to office/den. Fabulous cooks' kitchen with large Granite
island and lots of Granite counters, upgraded cabinets with custom
lighting, stainless steel appliances, six burner gas countertop
range, built in cabinet oven and microwave, spacious French door
refrigerator. Open floor plan, 9 ft. ceilings, inviting living room
with oversized windows and sliders to tranquil deck overlooking
acres of wooded privacy. First floor bedroom suite with loads of
windows, private full bath with double granite top vanity and
walk-in closet. First floor laundry. Turned hardwood staircase
leads to second floor suite with 22 ft. family room, large bedroom,
walk in closet, full bath and second home office/craft room.
Fantastic $41,000 lower-level upgrade with exercise and game rooms
and wall of windows with a walk out to the rear yard. Quality two
zone Gas Lennox heating, Rinnai on demand gas hot water, central
air conditioning, and lots of storage. Two car garage. Enjoy all
the amenities this peaceful community offers. Walk to Shining Rock
Golf course. Fast access to conservation land, Town forest, biking,
hiking, public beach and access to dining, shopping, and highways.
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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