1608 Royal Chase 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%.
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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.
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 6, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | Listed by Epique Realty LLC | $222,888 | |
| Listed by Epique Realty LLC | |||
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You're gonna love this home! Close to NRG, Downtown & Med Center, 610 & all the conveniences you're used to. Back on market. Buyer time line changed. This home is beautiful with lots of special touches: arches, 2" blinds, beautiful wood floors, granite counter tops in kitchen, top of the line finishes on cabinetry, walls & fixtures, shelves & folding space in laundry, & large closets, just to name a few. Designed with an alley to the back entrance and garage for privacy & 2 guest spaces. Also offers a sprinkler system, extra lush landscaping due to it being a corner lot and former model, glass storm door to back yard, gutters, and more. The HOA covers lawn care too (except tree and bush trimming)! This beautifully finished, low-maintenance home gives you all the comforts you're looking for and ease for your busy life-style. Refrigerator negotiable. Alarm equipment ($1400 value) and Alder contract $64.34 per month can be assumed with no transfer fee. This one won't last long!
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| Apr 29, 2020 | Sold | ||
| Sold | |||
| Jan 8, 2020 | Listed by Beth Wolff, REALTORS | $190,000 | |
| Listed by Beth Wolff, REALTORS | |||
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Gorgeous gently lived in one-story 3 bedroom 2 bath home. Used to be the model home so it has one of the larger lots in the area and plenty of updates that include beautiful wood floors, granite counters in the kitchen and a nice fenced back yard. Lots of natural light fill all the rooms. Family room off kitchen dining area plus additional -formal living/dining give plenty of living space in this home. Easy commute to downtown and the medical center.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017