12415 16th Street
About This Property
Modern Upgrades: The home has a brand-new A/C, attic insulation, and dual-pane windows throughout, ensuring comfort and energy efficiency year-round. A paid-off 25kW solar system with 26 panels will save you on energy costs. Impressive Outbuildings: Enjoy the 1,200 sq. ft. metal shop, complete with 2-post lifts, heat & A/C, full insulation, and 220V power. There's also a 1,200 sq. ft. covered parking area with power, two containers with power and lights, and an additional horse arena with water and storage. Outdoor Oasis: Entertain in style with a custom outdoor kitchen featuring a built-in BBQ, fridge, burner, and sink which is adjacent to the gorgeous pool and spa area. A fire pit adds to the ambiance. The pool is equipped with a heater, making it perfect for year-round enjoyment. Functional and Efficient: The home is generator-ready with full wiring for backup power. Inside, you'll find a custom closet in the master, two beautiful fireplaces, and luxurious travertine showers. Additional features include a tankless water heater, dual ovens, a dog run, chicken area, and raised garden beds. Convenience & Privacy: The electric gate provides privacy and easy access to the back of the property, which is fully fenced, graveled, and ready for whatever you have in mind. Enjoy stunning mountain views on this expansive, flat lot that's fully usable.This is a rare opportunity to own a property with top-tier features and ample space for your hobbies, vehicles, animals, or simply relaxing in your own oasis. Come see it today!
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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 22, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | Listed by COLDWELL BANKER KIVETT-TEETERS | $949,000 | |
| Listed by COLDWELL BANKER KIVETT-TEETERS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017