Welcome home to Ambrous Duncan Subdivision in Timberlake! Step into
this beautifully maintained 3-bedroom, 2-bath home, built in 2022
and thoughtfully cared for by its owners. The open-concept floor
plan creates a comfortable flow between the living, dining, and
kitchen areas. Perfect for everyday living and entertaining. The
kitchen features stainless steel appliances, with the microwave and
dishwasher recently updated. New LVP flooring installed this year
adds a fresh, modern touch throughout. Outside, enjoy the spacious
open backyard and relaxing back deck, with plenty of room to play,
entertain, garden, or simply enjoy the outdoors. With its newer
construction, thoughtful updates, and inviting layout, this home is
ready for you to begin your next adventure! An added bonus for
buyers: the sellers have an assumable mortgage with an attractive
4.75% interest rate and a current monthly payment of approximately
$1,696.00! With an asking price of $379,900, the approximate
difference between the purchase price and the existing loan balance
is $67,358. This difference would need to be covered separately by
the buyer, through cash or other approved financing, depending on
the lender's requirements. Loan assumption is subject to lender
approval and eligibility.
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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