15116 REVA ROAD
About This Property
Recent upgrades include a new roof (2021), high-efficiency HVAC system, new washer/dryer (2024), newer well pump and filtration system, and double-hung vinyl windows for added energy efficiency.
Whether you're dreaming of a private retreat, hobby farm, or simply space to breathe, this property offers endless options. A tranquil stream borders the property, and Comcast is available at the road for modern connectivity. Just a short drive from Lake Pelham, you'll enjoy the perfect mix of rural charm and everyday convenience. Note: Parcel Tax ID 37-32N (15198 Reva Rd) is in a flood zone. Buyers are encouraged to conduct their own due diligence. $500 credit available toward first year of flood insurance.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Price Decreased |
$729,000
↓ $16K
(2.2%) | |
| Price Decreased | |||
| Feb 14, 2025 | Listed by Real Broker, LLC | $745,000 | |
| Listed by Real Broker, LLC | |||
| Feb 4, 2025 | Price Increased |
$775,000
↑ $385K
(98.7%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017