16 Texas Ln
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 16, 2025 | Sold | ||
| Sold | |||
| Apr 7, 2025 | Listed | $525,000 | |
| Listed | |||
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Charming corner lot in the desirable Southmoor Park neighborhood. This ranch-style home offers an open-concept living and dining area that creates an inviting first impression. The main floor also has two bedrooms, a full bathroom, and a kitchen with newly updated flooring. Head downstairs to the basement, where you'll find a retro-inspired built-in brick bar with a matching fireplace, as well as a laundry and storage room. The lower level also has two additional bedrooms and a second bathroom. The oversized two-car garage offers direct access to the spacious backyard, complete with a large covered patio. Quick access to Highway 287 for added convenience
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| Jul 30, 2019 | Sold | ||
| Sold | |||
| Jun 10, 1983 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017