16107 Alta Mesa 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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Price Decreased |
$310,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
| Jul 23, 2025 | Price Decreased |
$314,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed by Compass RE Texas, LLC - The Heights | $315,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Welcome home! This New Orleans-inspired home has been beautifully remodeled throughout: Recent upgrades include PEX plumbing, double-pane windows, a 2024 HVAC system, solar panels (~$50/mo electric bill), and a roof under 5 years old! It features 4 spacious bedrooms and 2.5 baths, and you’ll love the flow throughout. Interior features include modern gray tile, neutral paint, LED lights, and iron staircase balusters, which open up the space! The kitchen is a dream with a TON of storage space. Featuring 42-inch cabinets, granite countertops, tile backsplash, stainless steel appliances, and pendant lighting. Next to the kitchen, you have a sunny breakfast area with a bay window. The spacious primary suite features balcony access, a large walk-in shower, dual sinks, and a walk-in closet. Conveniently located near Highway 6 and Westpark Tollway with access to the Energy Corridor, shopping, and dining. Enjoy great curb appeal with mature trees, a front balcony, and a spacious covered patio.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017