16 Michigan Dr
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 30, 2020 | Sold | ||
| Sold | |||
| Aug 6, 2020 | Listed by Boston USwoo Realty LLC | $446,000 | |
| Listed by Boston USwoo Realty LLC | |||
| Jul 20, 2015 | Sold | ||
| Sold | |||
| Apr 24, 2015 | Listed by Keller Williams Realty | $339,900 | |
| Listed by Keller Williams Realty | |||
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Over-sized Contemporary Cape in sought after Lakeview Neighborhood! This home features large eat-in kitchen with granite countertops/island; living room with bay window; 24'x21' private master suite with cathedral ceilings, balcony overlooking backyard, full bath w/ jetted soaking tub and shower; 3 additional bedrooms plus a home office. Lower level has family room with gas fireplace and a 3 season sunroom/playroom for tons of extra living space! Addition only 10 years old! Many updates done; including 2 separate heating systems, 200 amp electric service. Excellent location only moments to Centennial Beach on Fort Meadow Reservoir, close to all of the shopping, dining, recreation Marlborough and Hudson have to offer. Great for commuters with easy access to Rts 495 & 290. Schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017