16416 Shadow 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 |
|---|---|---|---|
| Feb 5, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by Compass RE Texas, LLC - Katy | $280,000 | |
| Listed by Compass RE Texas, LLC - Katy | |||
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Welcome home to 16416 Shadow Lane. This newly remodeled 3 bedroom, 2 bath, one story ranch style home sits on a quiet lot, with easy care tile flooring, and no neighbors on one side. The lot offers mature trees, a large storage shed and plenty of green grass to run and play. The family room adjoins the kitchen and breakfast area, creating a welcoming space for your family and guests. The kitchen is open with high-end appliances, center island, beautiful backsplash, and tons of cabinet storage. The primary bedroom offers a large closet and private bathroom with a separate walk -in shower. The other 2 bedrooms are equally spacious and comfortable. You are going to love the location, the massive oversized lot, and the care that has gone into this home. New septic pump installed, new piping and fully cleaned. Thank you for viewing our listing. Call today and schedule your private showing.
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| May 24, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017