16507 Soaring Forest Drive
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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%.
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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.
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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 16, 2023 | Sold | ||
| Sold | |||
| Apr 19, 2023 | Listed by GoUpRE | $525,000 | |
| Listed by GoUpRE | |||
| Mar 18, 2020 | Sold | ||
| Sold | |||
| Feb 13, 2020 | Listed by RE/MAX Space Center-Clear Lake | $394,900 | |
| Listed by RE/MAX Space Center-Clear Lake | |||
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"Vacation all year" around your pool & hot tub next to the custom 26x18 covered patio. If the party moves inside, you'll love the beautiful custom kitchen/breakfast area w/upgraded cabinets, granite counters, designer back splash & luxury stainless appliances. If the party is more formal, the large dining room is perfect. The elegant tiled foyer w/double lead glass doors, adjoins the living room w/hardwood floors, fireplace & view of backyard. The master suite downstairs w/wood floor has his & her walk-in closets w/custom closet system, tray ceiling, bay window w/view of back yard + large bathroom w/frame-less shower stall & jetted tub. There is also a guest bedroom downstairs next to a full guest bath. Upstairs has big game room, 2 guest bedrooms & bathroom. Over $100k has been invested in this fabulous home since 2008 including roof, both A/C, updated pool plaster & equipment, water heater, plantation shutters thru-out & much more. See upgrade list in attachments. Hurry, it's NICE!
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About Clear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017