16 Willis 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 |
|---|---|---|---|
| Jul 23, 2021 | Sold | ||
| Sold | |||
| Jun 25, 2021 | No longer available | - | |
| No longer available | |||
| Jun 1, 2021 | Listed | $385,000 | |
| Listed | |||
| | |||
|
Well maintained raised ranch on corner lot with potential in-law unit. 3 beds with potential 4th bed in lower level, 2.5 baths, shiny hardwoods, fireplace, ductless AC, gorgeous fenced yard, 2 car garage, all appliances remain, updated electric! Move in ready! Call today! The manager has listed the unit size as 1144 square feet.
| |||
| Apr 15, 2021 | No longer available | - | |
| No longer available | |||
| Apr 4, 2021 | Listed by Keller Williams Realty | $374,900 | |
| Listed by Keller Williams Realty | |||
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Address: 335 Madison Avenue, New York, NY 10017