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16053 Nippet Lane
About This Property
The primary suite is privately situated toward the rear of the home and features vaulted ceilings, dual sinks, and direct access to the backyard. Two additional bedrooms and a guest bathroom are located toward the front of the home. Additional improvements include a newer A/C system and plumbing improvements.
The newly landscaped backyard is ready for entertaining and features low-maintenance artificial turf, a spacious Alumawood-covered patio, and plenty of room to relax or gather with friends and family. The beautifully landscaped and manicured front yard provides excellent curb appeal. Additional highlights include an extended concrete RV parking area and an attached two-car garage. Conveniently located near shopping, dining, schools, parks, and commuter routes. Schedule your private showing today!
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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 |
|---|---|---|---|
| Oct 19, 2026 | Sold | ||
| Sold | |||
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Listed by ROA California Inc. | $550,000 | |
| Listed by ROA California Inc. | |||
| Apr 17, 2021 | No longer available | - | |
| No longer available | |||
| Apr 13, 2021 | Listed | $375,000 | |
| Listed | |||
| | |||
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Call Listing agent Flora Duran (951) 830-5642 The manager has listed the unit size as 1329 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017