116 Mountain Violet
About This Property
The first floor offers a spacious bedroom and full bath, as well as an open-concept living area that seamlessly flows into the private backyard. The second floor includes a versatile office space and a master suite that feels like a model home, complete with customized electric curtains and custom closet cabinetry. The other bedrooms share a bathroom with dual vanity sinks, and the laundry room is equipped with a sink for added convenience. This one-of-a-kind open floor plan is bathed in natural light, with custom window treatments throughout. Additional highlights include Smart Nest thermostats, upgraded interior insulation, high-end stainless steel appliances, and a wine cooler. The thoughtfully designed low-maintenance covered patio with citrus trees offers the perfect space for outdoor living. With fully paid-off solar panels and an electric car charger in the garage, this home is energy-efficient and cost-saving.
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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 18, 2025 | Sold | ||
| Sold | |||
| Feb 24, 2025 | Listed by Keller Williams Realty Irvine | $2,198,000 | |
| Listed by Keller Williams Realty Irvine | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017