14403 Flomar Drive
About This Property
The large step-down family room adds to the home's appeal with conforming construction, that was permitted & added to the home in 1962, room offers stunning slate & stone fireplace permitted in 1966, dry bar area, 7 foot high wood slat sloped ceiling and full HVAC ventilation making it cozy year-round.
Many updates & upgrades include: Roof replaced (2011), Gas Main (2012), Sewer Line (2015), Concrete Driveway (2014), Water Heater (2022), Copper Plumbing (2015).
Other notable amenities include refinished hardwood floors, fresh interior paint, new bathroom flooring, updated windows, scraped ceilings, inside laundry area, and rain gutters. Spacious and well maintained backyard offers lush lawn, area behind garage for extra storage and block wall fencing adds privacy to the outdoor space.
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | In contract | - | |
| In contract | |||
| Aug 25, 2024 | Listed by T.N.G. Real Estate Consultants | $839,000 | |
| Listed by T.N.G. Real Estate Consultants | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017