16248 Fayette Street
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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 20, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | No longer available | - | |
| No longer available | |||
| Nov 5, 2024 | Listed by Keller Williams Realty The Woodlands | $495,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
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Welcome to your dream home in the beautiful Deer Pines subdivision! Better-than-new, 4/2/3-car garage home sited on a 1-acre lot. Double-sided gate wide enough to fit an RV! Inside, you'll find soaring 10-ft ceilings, fresh designer-inspired interior paint & ceiling fans in every room. The kitchen features an island w/built-in sink, 5-burner gas stove, SS appliances (fridge stays), walk-in pantry. Lg breakfast room. The open living room is centered around a gas fireplace adorned with Austin limestone. The primary suite boasts a vaulted tray ceiling, walk-in closet w/built-in shelves, garden tub, separate shower, double sinks & granite counters. Secondary bedrooms are generously sized w/spacious closets. Step outside to your private paradise/oasis! The covered back patio has 2 ceiling fans & overlooks the Pentair pool/spa w/pebble-tech finish, waterfall, fun slide & a cabana w/a built-in TV. This home is a rare find, offering the perfect blend of modern amenities & outdoor oasis living.
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| Sep 22, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017