118 Rustic Oaks Drive
About This Property
This great 3 bedroom 2 bath single story home on a prime corner lot in a well established and desired neighborhood. It was designed to have both formal rooms and an open concept. The high ceilings make the house feel grand and spacious. The entire house has been painted from the base boards to the ceiling, new flooring (no carpet anywhere). There is plenty of space for family gatherings and birthday parties with the kitchen opening into the oversized family room. The dining room can be closed in to form an office and the formal living is perfect for a play room or even class room for home schooling. The back covered patio is nice for barbecues in the summer and/or coffee in the mornings. the long driveway keeps all the vehicles of the street and the oversized detached garage can be converted into a nice workshop or home gym. This home is ready for a family to move in and make it their own. Schedule a showing and bring your creativity.
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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 16, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Price Decreased |
$352,000
↓ $14K
(3.8%) | |
| Price Decreased | |||
| Feb 20, 2024 | Price Increased |
$366,000
↑ $14K
(4%) | |
| Price Increased | |||
| Feb 15, 2024 | Listed by Keller Williams Realty Professionals | $352,000 | |
| Listed by Keller Williams Realty Professionals | |||
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Last Updated: 4 months ago
Data Source: HAR , MLS# 93179917
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017