1504 Medio Calle
About This Property
The kitchen includes stainless steel appliances and a Viking gas range. The main floor owner's suite boasts bay windows, a cathedral ceiling, and a bathroom with an artisan wood vanity and a jetted garden tub. The loft area functions as a secondary bedroom. The separate studio, made with sustainable materials, is perfect for a creative workspace or private office. Outdoor areas comprise a covered back porch, side porch, front porch, and a deck over the carport, with the back porch ready for a kiln.
Included in the sale are the fridge, washer, dryer, kitchen island, custom bench cushion, curtains in the owner's suite, and a small bathroom cabinet. The property offers free foot access to the Lake Hills Community Association park for picnicking and swimming. Membership grants parking stickers for three cars, a security gate card, and pool access during summer hours, subject to the waitlist.
Additionally, the area boasts a low tax rate of 1.45% and is not very restrictive, offering flexibility for different types of leasing. This home provides practical features and key amenities, making it ideal for buyers seeking a quality property in a top-tier school district.
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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 |
|---|---|---|---|
| Jun 14, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by Volt Realty | $599,000 | |
| Listed by Volt Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017