16575 Highland Trails Dr
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 14, 2021 | In contract | - | |
| In contract | |||
| Jun 8, 2021 | Relisted | $1,150,000 | |
| Relisted | |||
| May 23, 2021 | In contract | - | |
| In contract | |||
| May 13, 2021 | Listed by Initiative Real Estate, Inc. | $1,150,000 | |
| Listed by Initiative Real Estate, Inc. | |||
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A uniquely stunning home, high up on almost 10 acres in the desirable West end. Its creative positioning allows for spectacular, panoramic views overlooking Highland Valley’s Grasslands Preserve across to the Cuyamacas. If your client is craving the ultimate in rural sophistication and yet unwilling to compromise on spaciousness and amenities, this is for them. Fully renovated over the years with the highest quality workmanship and materials; bamboo and acadia wood flooring, hickory cabinetry, Caesarstone counters, solid core wood doors; Baldwin hardware, Meile and Viking appliances, owned Solar and so much more. Outside a custom freeform black bottom pool, with slide and a spa. See supplement for more! The manager has listed the unit size as 2114 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017