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7522 Oak Grove Circle
About This Property
The main living area has an open living, dining and family room concept. The kitchen is spacious and beautiful with granite countertops and newer stainless steel appliances and an eat in kitchen. The downstairs of the home has tile flooring and upstairs features laminate flooring. All 5 spacious bedrooms are upstairs, and the home feels larger than life at 2900 sq ft with crown molding throughout!
Outside, the beautiful pool is surrounded by paver decking, and you can enjoy a lake view. The patio features a retractable awning for shade, and the pool was recently resurfaced and has newer equipment. The yard is also fenced in.
The home also features new impact faux wood front doors, a new impact faux wood garage door, impact glass French doors, 2021 AC unit w/ new AC line, partial accordion shutters and a generator hookup.
Smith Farm is truly a hidden gem close to shopping, dining, nearby hospitals and zoned for top rated schools- Coral Reef Elementary, Woodlands Middle and Park Vista Community High School. Community offers 24 hour manned guard gate, a large resort pool, baby pool, spa, secondary pool with splash pad, tennis courts, pickleball courts, playground, fitness center, soccer field, baseball field, and racquetball! HOA includes high speed Comcast cable and internet. There is a one-time capital contribution due at closing.
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INFORMATION HEREIN NOT GUARANTEED AND SUBJECT TO ERRORS & OMISSIONS. ALL MEASUREMENTS ARE APPROXIMATE.
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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