16044 Rain Lilly Way
About This Property
The exterior of this home is breathtaking! Long lake views. Custom one-year old pool with infinity champagne spa, lighted water bowl, laminar deck jets, sun shelf, LED lighting and a gas heater. The entire pool and lighting can be controlled remotely from you cell phone. All pool equipment is Pentair (top of the line). Beautiful travertine deck. Enjoy entertaining poolside from your outdoor kitchen with propane gas grill. Tiki Bar is equipped with a refrigerator and sink plus a granite countertop and LED lighting. Upgraded landscaping throughout including Coconut palms, Foxtail palms and Sylvester palms. Clusia privacy hedges. One of the rarest lots in Westlake. Huge 5 car driveway and over a quarter acre of land. Entertain your guests with newly installed miniature golf right in your own backyard. Entire yard has new artificial pet turf, no need to mow, just relax. Brick pavered walkway leading to your tropical paradise and much much more. Resort style amenities including a lagoon pool with 3 story slide, splash pad, cabanas, lawn space for parties, outdoor concert pavillion, basketball courts and adult pool (coming soon), adventure playground, dog park, pump park for BMX enthusiasts and much more.
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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 |
|---|---|---|---|
| Jun 23, 2021 | Sold | ||
| Sold | |||
| Mar 25, 2021 | No longer available | - | |
| No longer available | |||
| Mar 18, 2021 | Listed by Exit Realty Premier Elite | $549,000 | |
| Listed by Exit Realty Premier Elite | |||
| Sep 24, 2020 | Sold | ||
| Sold | |||
| Aug 17, 2020 | Listed by Exit Realty Premier Elite | $469,000 | |
| Listed by Exit Realty Premier Elite | |||
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About The Acreage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017