16 Saddleback Road
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 |
|---|---|---|---|
| May 17, 2019 | Sold | ||
| Sold | |||
| Oct 21, 2016 | Sold | ||
| Sold | |||
| Jul 21, 2016 | Listed by Keller Williams Realty Jupiter | $394,000 | |
| Listed by Keller Williams Realty Jupiter | |||
| Dec 2, 2015 | Sold | ||
| Sold | |||
| Sep 3, 2015 | Listed by Florida Living Realty | $315,000 | |
| Listed by Florida Living Realty | |||
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This home is located in the gated community of Turtle Creek but does not have an HOA. Situated on an oversized corner lot directly across the street from the Loxahatchee River. This 3 bedroom 2 bath 2 car garage home has a wood burning fire place and an enclosed back porch to enjoy the peaceful evenings. The AC is like new, the hot water heater and rain gutters are brand new, and there are accordian shutters throughout. There are terrific tenants in the house whose lease runs out November 15, but they would renew annual lease if the new owner wants the house as an income vehicle. This home needs a little TLC, and that is reflected in the price.
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017