16255 ASHLAR LOOP
About This Property
The eat-in kitchen overlooks the dining and great room and has 36 inch cabinetry with coordinating granite and stainless appliances, including a double oven. Center island accommodates at least 4 barstools for entertaining & a large pantry is handy to keep things organized.
The primary bedroom with adjoining bathroom is separated by the living space from the two spacious guest rooms & second bathroom. Access the rear screened porch from the living area, which overlooks one of the community's six ponds and a rear patio with retractable awning & Red Tip Photinias planted for privacy. An irrigation system with dedicated well will keep the landscaping stay beautiful. Laundry room with storage leads to the essential 2 car garage with built-in shelving. Don't worry about mowing the grass - that is one of the community's many amenities. Sidewalks, street lights, a community club house, saltwater pool and snow removal are also included. A line of evergreens and oaks recently planted along the entrance of the community and Cave Neck Road, which will provide additional privacy.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$449,900
↓ $20K
(4.3%) | |
| Price Decreased | |||
| May 13, 2025 | Price Decreased |
$469,900
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Mar 22, 2025 | Listed by Jack Lingo - Rehoboth | $473,500 | |
| Listed by Jack Lingo - Rehoboth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017