Welcome home to this meticulously updated and maintained 3-bedroom,
2-bath home in the charming, tree-canopied neighborhood of Woodland
Park. Enjoy the comfort and sophistication of open space living,
vaulted ceilings, custom library, a dazzling living room with
wood-burning fireplace, and custom features throughout. Open all
the sliders and bring the outside in or relax in a large, screened
lanai with pool/spa and lots of lush privacy. Upgrades include
porcelain tiled floors, new roof in 2020, irrigation system, quartz
countertops, updated appliances, fixtures, renovated bathrooms, and
pool heater. Located near shopping, restaurants.
Unrepresented buyers may be entitled to a discount. This
discount is void and does not apply to any potential buyer that is
party to a buyer agreement applicable to the listed property.
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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