11127 LELAND GROVES DRIVE
About This Property
Newly painted and updated with high quality materials throughout the story 2 home which has an open and spacious feeling. The large open-concept downstairs includes a kitchen that overlooks separate living room and dining room, a 1/2 bathroom, two storage closets, and an outdoor patio. The kitchen features a large center granite island perfect for eating and entertaining, a pantry, plenty of cabinets and counter space. The chefs kitchen comes with all BRAND NEW, HIGH END stainless steel appliances including refrigerator, built-in dishwasher, electric range, and hood. Upstairs, the large Master Suite can easily fit a king size bed and includes a big walk-in closet, en-suite bathroom with double vanity, and separate linen closet. Three other bedrooms share a second bathroom with double vanity. A loft at the top of the stairs provides extra space for work and play, and an additional closet on the upstairs landing provides even more storage space. The laundry room is located upstairs for convenient access. HUGE backyard with privacy fence, lots of room for outdoor fun. Furnitures are still in BRAND NEW condition and can be purchased separately.
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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 |
|---|---|---|---|
| Sep 19, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | Listed by LUXURY & BEACH REALTY INC | $489,000 | |
| Listed by LUXURY & BEACH REALTY INC | |||
| Jun 23, 2020 | No longer available | - | |
| No longer available | |||
| Jun 22, 2020 | Sold | ||
| Sold | |||
| May 9, 2020 | Price Decreased |
$237,500
↓ $500
(0.2%) | |
| Price Decreased | |||
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About Riverview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017