116 Raindance
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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 |
|---|---|---|---|
| Oct 16, 2021 | No longer available | - | |
| No longer available | |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Sep 2, 2021 | In contract | - | |
| In contract | |||
| Jun 25, 2021 | Price Decreased |
$525,000
↓ $100K
(16%) | |
| Price Decreased | |||
| May 30, 2021 | Listed by Poss Realty | $625,000 | |
| Listed by Poss Realty | |||
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Lake Burton Deeded Access - Delightful 2 bedroom, 2 bath cabin with incredible screened porch for game time, big meals and afternoon naps. Great room with fireplace, split bedroom plan. grilling deck with hot tub. Fire pit. Deed lake access in Get A Ways, a sought after lake access community. The manager has listed the unit size as 1152 square feet.
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Last Updated: 3 years ago
Data Source: GAMLS, MLS# 8987427
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