16111 Mendocino 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 |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | Listed by Benevides & Associates | $259,500 | |
| Listed by Benevides & Associates | |||
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Don't miss your opportunity to see this 3 bedroom/2 bath home in Mission Bend! Family room has wood burning fireplace with gas connection. The kitchen has center island with gas range, a lot of cabinets and counters for plenty of cooking space. Refrigerator conveys with the house. Primary bedroom has en-suite bath with large walk in closet and separate vanity area. Private utility room has electric and gas connections for the dryer. Updates include new flooring throughout most of the home and fresh paint. The real SHOW STOPPER is the amazing backyard with oversized POOL, deck SITTING AREA, and built in GRILL with gas connection. Roof is less than five years old. HOA amenities include a clubhouse, tennis courts and pool.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017