1311 Raintree Circle
About This Property
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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%.
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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 |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by Atlas Real Estate | $699,990 | |
| Listed by Atlas Real Estate | |||
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Resting on a prime OVERSIZED LOT within the highly desirable community of The Lakes, this FULLY REMODELED two-story residence boasts 4 bedrooms, along with 3 full bathrooms, 1 half bath, and a detached 3-car garage. Soaring ceilings and rich hardwood floors greet you upon entry, as you explore the freshly painted interior. The gourmet kitchen, complete with a large cooktop, granite countertops, and stainless steel appliances, seamlessly connects to the living room featuring a gas fireplace and BIG WINDOWS! The spacious owner’s suite includes TWO walk-in closets and a spa-like ensuite bathroom, complete with a soaking tub and upgraded double vanity. Upstairs, the additional bedrooms are generously sized for family or guests, while the downstairs private office is ideal for working from home. Step into the spacious, fully fenced backyard oasis, complete with a stunning POOL and HOT TUB, featuring a brand-new heater. Zoned to top-rated FBISD schools! BRAND NEW ROOF!
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About The Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017