7697 El Cajon Lane
About This Property
Imagine living just moments from the sparkling Michigan Center chain of lakes, offering endless opportunities for recreation and relaxation. Plus, with both Napoleon and Michigan Center schools a short drive away, the location couldn't be more ideal.
Step inside and be greeted by a spacious layout featuring soaring vaulted ceilings and fresh, modern paint throughout. The heart of the home boasts a stunning kitchen with a charming eat-in island, newer appliances, and elegant ceramic tile flooring - a perfect space for culinary creations and casual family meals.
With five generously sized bedrooms, including essentially a master suite on both the main and lower levels, everyone in the family will enjoy their own comfortable retreat.
Entertaining is a breeze with the expansive back deck overlooking a fully fenced yard, where the only neighbors behind you are the tranquil trees.
The exceptional finished basement extends your living space with two additional bedrooms, a full bathroom, and an amazing mancave/hangout room - the ultimate spot for relaxation and fun. Complemented by newer flooring throughout the home, 7697 El Cajon is truly move-in ready and waiting for you to create lasting memories.
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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