16222 Salmon Lane
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 |
|---|---|---|---|
| Nov 30, 2023 | Sold | ||
| Sold | |||
| Nov 1, 2023 | Listed by RE/MAX Elite Properties | $475,000 | |
| Listed by RE/MAX Elite Properties | |||
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A true gem of a home, surrounded by mature trees and landscaping, and located in Champions Forest. Step into comfortable luxury as you walk through the front door where you are greeted by a gracious stairway and fresh interior. So many updates & upgrades to make this home look and feel much newer! Interior painted in fresh colors to work with any palette. Wood-look tile flows throughout the first floor. Updated kitchen with painted cabinets, granite counters, backsplash and stainless appliances. Plantation shutters dress the windows across the front. Gorgeous stone fireplace with a special tv bracket above the mantel allows for easy movie watching. Windows replaced with energy-efficient, double-pane windows! Formal Study/living room with separate flex space. 2nd floor w/game room, 3 bedrooms and 2 baths. 3rd floor is a private retreat with bedroom, bath and closet. Extended covered back patio to enjoy your backyard paradise!
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About Champion Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017