16 Rivers Edge Road #16
About This Property
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 18, 2024 | Sold | $730,000 | |
Sold | |||
Mar 6, 2024 | In contract | - | |
In contract | |||
Mar 4, 2024 | Listed by Conway - Hull | $689,000 | |
Listed by Conway - Hull | |||
May 31, 2023 | Sold | $499,900 | |
Sold | |||
Sep 27, 2022 | In contract | - | |
In contract |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/14/2022
|
2 Bed
|
2 Bath
|
-
|
$499,900
2 Bed
2 Bath
|
$499,900
05/31/2023
|
-
|
Mark Abatuno
Conway - Hull
|