39
Map
16 Velaire Drive
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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | Listed by Coldwell Banker Realty /Delray Beach | $425,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
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Welcome to this charming 2-bedroom, 2-bathroom home, perfectly situated on a navigable canal with its own private dock! This is a rare find for boaters and anglers, offering direct water access right from your backyard. Whether you love cruising along the waterways or enjoy spending your afternoons fishing, this home provides the perfect setting for waterfront living. The bright and airy living spaces offer plenty of potential for customization, giving you the chance to make this home your own. Located in a quiet, non-HOA neighborhood, this home offers a serene retreat while still being close to schools, parks, shopping, and dining, with quick access to the beach, highways, and more. If you're looking for the ultimate waterfront lifestyle, this is the perfect spot to call home!
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About Velaire
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017