16038 Spinnaker 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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Listed by Boom Real Estate | $289,990 | |
| Listed by Boom Real Estate | |||
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Gorgeous 4-bedroom, 2-bathroom home with a detached garage. This home features a new roof, new stainless steel appliances, and granite countertops. Enjoy all new fixtures, new carpet, and luxury vinyl plank throughout. Fresh paint in every room and exterior. Updated electrical panel and outlets. The spacious living room with a cathedral ceiling and a cozy fireplace. A/C and double pane windows were replaced in 2018. Water heater replaced in 2023. Outside, you'll find a new concrete walkway and driveway, new outdoor lighting, and fresh landscaping. Don't Miss Out On This One!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017