1611 Balboa Lane
About This Property
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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.
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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 |
|---|---|---|---|
| Mar 18, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Listed by Redfin Corporation | $479,900 | |
| Listed by Redfin Corporation | |||
| Oct 19, 2019 | No longer available | - | |
| No longer available | |||
| Jun 21, 2019 | Listed | $315,000 | |
| Listed | |||
| | |||
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$4000 Closing cost contribution from the seller!!!!!!This is a great open floor plan of one story home with four bedrooms and two full baths. Master bedroom split with others. Large family room open to kitchen has a gas log fire place. Additional formal living room plus a formal dining room. Lots of windows bring natural bright light to the house. Kitchen has granite counter tops new under mount sink and a modern faucet new garbage disposal, and quiet dishwasher. Large walk-in pantry plus laundry room has extra space New roof with solar vents, New Fence, freshly painted. Great location. Allen Celebration Park about minutes away. excellent high ranking Allen schools. Buyer's or their agent to verify information. The manager has listed the unit size as 2238 square feet.
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About The Orchards
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$2,795 /mo
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$2,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017