16015 Mill Point Drive
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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 |
|---|---|---|---|
| Sep 27, 2021 | Sold | ||
| Sold | |||
| Aug 25, 2021 | Listed by RE/MAX 1st Class | $185,000 | |
| Listed by RE/MAX 1st Class | |||
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This home has all the makings of an investment dream. With just a little TLC, this home is a great opportunity for anyone who wants to get into this wonderful Clear Lake neighborhood. Some flooring, some paint, a few things here and there and this home could be like new! Priced to sell quickly in this market, this home has all the right starting places for a great future.
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About Clear Lake
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$2,050 /mo
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$3,050 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017