1311 Althea 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 |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Feb 13, 2024 | In contract | - | |
| In contract | |||
| Dec 13, 2023 | Listed by Nextgen Real Estate Properties | $1,780,000 | |
| Listed by Nextgen Real Estate Properties | |||
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Experience the pinnacle of Oak Forest living in this recently updated masterpiece by Quintessa Builders. A culinary haven awaits in the top-of-the-line kitchen, while the 4-bedroom, 4-bathroom layout exudes modern elegance. Situated on a generous 12,480 sq.ft lot, the residence embraces outdoor luxury with a newly added pool, spa, and an enticing outdoor kitchen. Entertain effortlessly on the expansive covered patio, epitomizing al fresco sophistication. Zoned to the sought after Oak Forest Elementary and with proximity to amenities and fine dining, this home seamlessly blends style, convenience, and the allure of Oak Forest living. Don't miss the chance to call this refined oasis yours!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017