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16122 Pipers View Drive
About This Property
The interior boasts a spacious layout that is filled with abundant natural light, enhancing the overall ambiance. Luxury Vinyl flooring throughout the home adds a warm and refined touch, while the new modern appliances in the kitchen provide ample functionality. The primary bedroom offers a spacious and private retreat, complete with a spacious vanity and ample storage.
Additional notable features include a fireplace, a covered patio, a wooden deck surrounded by lush greenery, and a spacious deck, all of which offer inviting outdoor living spaces. The remodeled home also features new windows, a new roof, new doors, and new lighting, ensuring both aesthetic and functional updates. Notably, there are no neighboring properties in the back, providing a sense of privacy and seclusion.
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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 |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Nov 27, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Relisted | $319,900 | |
| Relisted | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Listed by Coldwell Banker Realty - Greater Northwest | $319,900 | |
| Listed by Coldwell Banker Realty - Greater Northwest | |||
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About Clear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017