Model Perfect Northwood-Park Paseo cul-de-sac home! This stunning
home is just a few steps away from award-winning blue-ribbon
school, Santiago Hills Elementary. Fabulous open floorplan with
high ceilings throughout and an abundance of natural light. The
property is fully remodeled. Remodeled features include: new AC and
water heater, new furnace, new flooring downstairs, new light
fixtures, plantation shutters, three fully remodeled bathrooms,
remodeled staircase, reinsulated attic, epoxy pipe restoration for
the entire house, new pavers outside, new garage door and garage
opener, epoxy garage floor, new vinyl fencing, and much more.
The garage is also equipped with an EV charger for your
electric car. The property's inviting backyard provides lots
of space for entertaining. First time on the market in 49
years. Residents of Park Paseo enjoy the use of beautiful
green belts, two pools, an extra-large hot tub, tennis courts, BBQ,
children's play area and clubhouse. On top of the property's
turnkey condition, the neighborhood affords low HOA's, low taxes,
and No Mello Roos. Hicks Canyon Hiking Trail is accessible within
minutes and residents can walk to the market, Northpark Plaza,
Meadowood Park and more. The elementary school, located just steps
away from the home, is one of only 6 Irvine elementary schools
offering the highly competitive APAAS program. The home is also at
walking distance from Northwood high school and Sierra Vista middle
school.
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.
Window Features: Bay Window(s), Double Pane Windows, Plantation Shutters, Screens
Construction Materials: Stucco, Wood Siding, CopperPlumbing
Patio and Porch Features: Patio, Screened, Open, Stone
Pool Features: Community, Fenced, Gas Heat, Heated, In Ground, Association
Lot Features: Back Yard, Close to Clubhouse, Cul-De-Sac, Front Yard, Greenbelt, Sprinklers In Rear, Sprinklers In Front, Landscaped, Paved, Rectangular Lot, Zero Lot Line, ZeroToOneUnitAcre, Lawn, NearPark, SprinklersTimer, SprinklerSystem, Yard
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017