Stunning, Stunning, Stunning...This fully renovated one story home
is located in Addison Reserve Country Club. Almost every surface of
this home has been touched. There is a new roof, new bathrooms, new
kitchen, new flooring, new lighting, impact windows & doors,
architectural ceiling features, custom entertainment center, bar,
new patio pavers & new landscaping. Designed in the beige, neutral,
and cream colors, the decor is warm and elegant. Enjoy
country club living with top tier amenities. Membership is
Mandatory and the buy in is $200,000 due at closing. There is
also a one time capital contribution to the HOA in the amount of
$20,000 due at closing.
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.
Priced to sell-3 bedroom, 3 full bath home located on the 8th hole of Trepidation in Addison Reserve Country Club. Light and bright open floor plan has a brand new painted interior. This one level home has a Partial Golf Membership. Addison Reserve is a Distinguished Elite Club & recognized as the #3 Golf Course Community in the U.S. Featuring 9 tennis courts, 8 pickleball courts and 2 padel courts. Unpack your suitcases, bring your golf clubs, pickleball, padel & tennis racquets, & start living the Addison Reserve lifestyle today!
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