Located in the gated Tuscan Vineyard community within the Plainview
School District, this custom home, built in 2008, offers
approximately five bedrooms, three full baths, and one half bath.
The second garage has been converted into a bedroom and may also
serve as an office, nursery, or flex space. The half bath is
accessible from both the interior of the home and the pool area for
added convenience.
Upon entering the home, you're welcomed by a formal dining room and
office that lead into an open living area centered around a
wood-burning fireplace. The adjoining kitchen offers a breakfast
nook, butler's pantry, and dry bar, while the mudroom and laundry
room are conveniently located just off the garage entrance.
The primary suite is located on the main level and features direct
access to the back porch, which overlooks the beautiful backyard.
Upstairs, you'll find a spacious media room with the surround sound
system and television included, along with three additional
bedrooms connected by two Jack-and-Jill bathrooms.
Designed for both everyday living and entertaining, the backyard
features an in-ground pool, covered patio, outdoor fireplace, and
irrigated flower beds. The property also includes a 40' x 50' shop
with a large storage loft, two electric garage doors, a power lift
to the loft, hot water, a utility sink, floor drains in both bays,
and an air compressor with plumbed air lines.
Additional features include a post-tension slab and a fire and
sound separation beneath the second story.
Schedule a private showing to experience all this property has to
offer.
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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