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15136 TEA TREE DRIVE
About This Property
Built in 2026, this spacious residence offers modern finishes, an open-concept layout, and a prime location just minutes from Hamlin
Town Center, shopping, dining, top-rated schools, and major highways.
Inside, you'll find a bright and inviting floor plan featuring a large kitchen with upgraded cabinetry, stainless steel appliances, stone
countertops, and an oversized island overlooking the main living and dining areas - perfect for entertaining. The spacious primary suite
offers a private retreat with a walk-in closet and a well-appointed bathroom with dual vanities and a large walk-in shower.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Sold | ||
| Sold | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Price Decreased |
$949,990
↓ $10K
(1%) | |
| Price Decreased | |||
| May 11, 2026 | Listed by OLYMPUS EXECUTIVE REALTY INC | $959,647 | |
| Listed by OLYMPUS EXECUTIVE REALTY INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Horizon West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017