50
Map
116 BILLINGSGATE LANE
About This Property
Main Features Are: * The Roof is Only 3 Years old and under warranty.
* Custom-built wine room in the fully finished basement,
* Private fenced rear yard, complete with a fountain, garden, and patio.
* Attached side entry two-car garage.
* Total living area of 3,262 square feet and sitting on a 5,145 square foot lot.
The vibrant community of Saybrooke offers a range of amenities, including a pool, playground, tennis and pickleball courts. Its proximity to major highways ensures easy commuting.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Sep 27, 2024 | In contract | - | |
| In contract | |||
| Sep 9, 2024 | Price Decreased |
$670,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Aug 7, 2024 | Price Increased |
$685,000
↑ $15K
(2.2%) | |
| Price Increased | |||
| Jul 22, 2024 | Listed by RE/MAX Realty Group | $670,000 | |
| Listed by RE/MAX Realty Group | |||
Property Highlights
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About Gaithersburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017