1018 EASTERN VIEW DR
About This Property
Venture downstairs to discover a versatile lower level that includes 4th bedroom, another full bath, and a generous rec room with the 2nd wood-burning fireplace, and built-in shelves. The second kitchen provides the perfect setup for an in-law suite or guest accommodations. Step out onto the deck from the downstairs kitchen to enjoy outdoor dining. Outside, the front porch offers a picturesque view of a delightful garden teeming with a variety of fruitful delights including figs, peaches, apricots, pears, and an array of aromatic herbs like oregano, thyme, and sage. The flourishing vegetable patch yields an abundant harvest of fresh tomatoes and peppers, adding a touch of culinary delight to your daily life.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Oct 25, 2024 | Listed by Coldwell Banker Elite | $475,000 | |
| Listed by Coldwell Banker Elite | |||
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About Leeland Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017