16481 Iwa Road
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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Coldwell Banker Home Source | $482,500 | |
| Listed by Coldwell Banker Home Source | |||
| | |||
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Located in Upper Desert Knolls, this affordably priced 4-bedroom, 2.5-bath home sits at the end of a quiet cul-de-sac and offers views of the valley floor with space and privacy to enjoy the desert setting.
The home features a large living room and a family room with a corner fireplace, conveniently adjacent to the kitchen and formal dining area, creating a functional layout for everyday living and gatherings. An enclosed patio with its own mini-split system provides flexible additional space with added comfort and can serve as a home gym, hobby room, or extension of the living area. This space opens to a covered patio overlooking the terraced backyard.
The backyard offers room to create an outdoor retreat, with space suitable for future landscaping or recreational enhancements. Enjoy morning coffee while taking in the sunshine and open views.
Inside, the home includes an indoor laundry room with garage access and a wet sink for added convenience. A half bath is located at the end of the laundry room, easily accessible from both the kitchen and garage.
The three-bay garage provides ample space and convenient access to the home’s mechanical systems, including the water heater, air handler, central vacuum system, and garage door openers. Additional storage cabinets and a side yard access door add to the home’s functionality.
With its desirable location, generous floor plan, and outdoor potential, this affordably priced property presents an opportunity to make your own improvements and personalize the home to suit your needs in a well-established Upper Desert Knolls neighborhood.
Schedule your showing today.
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| Aug 24, 2017 | Sold | ||
| Sold | |||
| Jul 11, 2017 | Listed by Agio Real Estate Inc. | $369,900 | |
| Listed by Agio Real Estate Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017