16 Fairmount Rd
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%.
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 19, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed by Leading Edge Real Estate | $724,900 | |
| Listed by Leading Edge Real Estate | |||
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Welcome to 16 Fairmount Road, a timeless Colonial perfectly situated in a wonderful neighborhood. This beautifully maintained home showcases classic elegance with hardwood floors throughout and an inviting fireplaced living room, ideal for cozy gatherings. The versatile family room offers a range of possibilities, whether you need a home office, playroom, or simply a space to adapt as your needs evolve. Enjoy your morning coffee on the charming screened-in porch, a delightful spot for alfresco dining. The kitchen is equipped with gas cooking. The back yard is great for future gardening, games and play! Many updates including gas heating ('17), new roof ('23) and more! The serene location street also offers effortless access to Routes 93, 95, and the Commuter Rail. Comfort, Convenience and Character!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017