BIG PRICE IMPROVEMENT! Welcome to this stunning custom-built home 4
Bedroom/ 2 bath Rancher located in the sought-after Little
Georgetown Estates. Nestled on 1.38 acres of large level
land! This Gorgeous maintained property offers a spacious
4-bedroom, 2-full-bathroom floor plan designed for both comfort and
luxury! The open layout features gleaming real stained in place
hardwood floors, complemented by a gorgeous custom kitchen with
stainless steel appliances, oversized expansive island with bar
seating, wine storage, and granite countertops!. The primary suite
is a true retreat, with a tray ceiling, a large en suite bath and a
large walk-in closet. The main level also includes a secondary
master suite with cathedral ceilings & ample closet space,
& 2 additional bedrooms. The open concept features an
oversized Living room , perfect for hosting meals with family and
friends. The lower level offers some storage , oversized
finished rec room, LVP flooring, 3 piece rough in plumbing,
and a 6 ft wide areaway with glass French doors- letting
plenty of natural light in ! The backyard features a stamped
concrete patio and has great views !Located in the Spring Mills
School District.. Don't miss the opportunity to make this
exceptional property your new home.
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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