1215 Stallion Drive
About This Property
The lush grounds feature a resort-style pool framed by a covered gazebo and fire pit, creating a tranquil space for relaxation and hosting. The expansive lot includes a pad ready for a barn, garage, or workshop, with the seller willing to clear trees for a potential riding arena. Whether you desire a secluded oasis or envision an equestrian haven, this property allows you to live the dream.
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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 |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | Price Decreased |
$1,650,000
↓ $45K
(2.7%) | |
| Price Decreased | |||
| Nov 9, 2024 | Price Increased |
$1,695,000
↑ $45K
(2.7%) | |
| Price Increased | |||
| Oct 26, 2024 | Listed by LoKation | $1,650,000 | |
| Listed by LoKation | |||
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About Fox Trail West
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$7,990 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017