118 Echo Drive
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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 |
|---|---|---|---|
| Apr 10, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $1,250,000 | |
| Listed | |||
| | |||
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This handsome one story, 3 bedroom, 3 bath main house includes a 1 bedroom 1 bath guest house with living room & kitchenette, and sits on an idyllic lakeside property with long water views. The residence boasts over 3,779 square feet of living area and is situated on just over a third of an acre, on a prime waterfront lot. Outstanding features include a newer roof, impact glass throughout, and 3 zone air conditioning, all of which have been replaced. This desirable floor plan features the kitchen opening onto the spacious great room. The large Master suite includes a cozy seating area with views out to the lake and the attached guest house overlooks a private putting green. This home also features 2 golf cart garages in addition to an oversized 2 car garage.The manager has listed the unit size as 3779 square feet.
| |||
| May 31, 2017 | Listed by NV Realty Group LLC | $995,000 | |
| Listed by NV Realty Group LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017