124 Meadowcrest Drive
About This Property
The well designed floor plan includes a formal dining area, a cozy fireplace in the living room, and a storage shed in the backyard. Perfect for first time buyers or those looking to downsize, this residence offers a comfortable retreat within close proximity to shopping centers and restaurants. This home is just minutes from Interstate 35 and Interstate 20. Seize the chance to make this your new home!
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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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | Listed by Ebby Halliday, REALTORS | $269,900 | |
| Listed by Ebby Halliday, REALTORS | |||
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About Arbor Place
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20544058
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017