16038 Broadwater Drive
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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%.
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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.
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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 15, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by RE/MAX Compass | $329,900 | |
| Listed by RE/MAX Compass | |||
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Charming 1-story home sits on the 17th hole of Stonebridge at Newport Golf Course. Updated w/decorator paint, lighting & fans, tile & wood laminate floors in living areas. Elegant formal dining room is perfect for entertaining. A spacious family room w/a romantic wood-burning fireplace opens to an immaculate kitchen w/granite countertops, tile back-splash, sleek SS appliances & a walk-in pantry. The owner's suite offers a raised ceiling w/crown molding & a ceiling fan w/lights, a huge walk-in closet w/access to the laundry room & a luxurious ensuite bath. Owner's bath has separate vanities, a soaking tub & separate walk-in shower. Spacious guest bedrooms have ceiling fans, large closets & easy access to a full bathroom. Fantastic location on the golf course w/incredible view. Wood fence on sides & iron fence along course allowed. Amenities include clubhouse, golf, tennis, pool & splash pad, parks, RV & boat storage, beach access on the SanJacinto River & boat access to Lake Houston.
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| Apr 5, 2021 | Sold | ||
| Sold | |||
| Feb 12, 2021 | Listed by JLA Realty | $269,900 | |
| Listed by JLA Realty | |||
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Do you want to live steps from the Golf Course? This beautiful 4 bedroom home is located on the 17th hole of Stonebridge at Newport Golf Course. Home has been recently updated with crown molding, hard wood floors, stainless appliances, solar screens, and fresh paint! Secondary bedrooms are large with spacious walk in closets, Primary Bedroom is huge with room for King sized furniture, plus access to the laundry room from the closet! Living Room is open to the Kitchen/Breakfast room...plus a gorgeous formal Dining! Garage also offers plenty of storage with built in cabinets. Newport amenities include: Pool area, Tennis Courts, Fitness Center, Community Room, Miles of Walking Trails, 4 pocket parks, splash pad, and access to Lake Houston and the SJ River.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017