10348 Newcastle Drive
About This Property
four bedrooms with new carpet, one of them can be used as a dedicated office. Two lovely remodeled bathrooms, separate dining room and living room, new modern light fixtures and ceiling fans throughout the house plus new mini blinds on most windows. The kitchen was also remodeled with beautiful countertops, backsplash, floating shelves, new free standing gas stove and range hood. Large laundry room with plenty of space for additional storage.
Another feature you will love is the extended double carport/ covered patio which you can also use to hold large gatherings with friends and family. Backyard? Yes, it also has a large backyard just waiting for fresh ideas.
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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 |
|---|---|---|---|
| Mar 3, 2023 | Sold | ||
| Sold | |||
| Dec 4, 2022 | Listed by Realty One Group Mendez Burk | $186,500 | |
| Listed by Realty One Group Mendez Burk | |||
| Sep 19, 2022 | Sold | ||
| Sold | |||
| Aug 18, 2022 | Listed by Dream Work Realty | $125,000 | |
| Listed by Dream Work Realty | |||
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4 bedroom, 2 bath home, living room, dining room. Easy access from carport and a covered patio to a nice sized kitchen. Beautiful view of the Franklin mountains! Need some TLC but has but has great potential! Only 1 block from Andress High School and a short walk to Veterans Park and Recreation center! Please verify Middle School.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017