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116 Southcross RD
About This Property
The open-concept living and kitchen area forms the centerpiece of the home, showcasing modern finishes, updated fixtures, and a layout designed for comfortable daily living and effortless entertaining. Abundant natural light and thoughtful updates throughout enhance both style and functionality. This home is truly move-in ready, featuring an updated AC system, energy-efficient windows, a newer roof, and a recently replaced water heater.
The primary suite offers a relaxing escape with a custom closet system, motorized shade, and additional window coverings for added comfort and privacy. Added cabinetry in the laundry room increases storage, while the spacious garage provides flexibility for hobbies, projects, and organization.
Outdoors, professionally designed landscaping enhances the front, side, and backyard. A pergola, patio cover, and privacy wall create an inviting setting for gatherings or quiet evenings at home. Despite being just minutes from parks, shopping, and a nearby golf course, the neighborhood maintains a quiet, secluded feel with a strong sense of community.
Easy access to Georgetown's extensive nature trail system connects residents to multiple parks, as well as nearby river and lake recreation. Combining modern updates, expansive outdoor space, and an exceptional location, this property presents a rare opportunity in one of Georgetown's most desirable areas.
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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 15, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Redfin Corporation | $550,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017