16601 Tern Road
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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 |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 15, 2024 | In contract | - | |
| In contract | |||
| Dec 11, 2023 | Listed by eXp Realty LLC | $1,199,000 | |
| Listed by eXp Realty LLC | |||
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Paradise awaits you at this stunning canal home! This home comes fully furnished! Waterfront living is at its finest with soaring ceilings, light & airy open concept living and fantastic water views from every room. Step outside and enjoy extensive outdoor eating and bar areas, golf cart garage hot tub and tons of patio/deck space, There's even a covered boat lift & jet ski lift! Recent updates include full exterior & interior paint, remodeling of bathrooms and kitchen, AC units, hurricane windows and PEX piping, power driveway gates and so much more!!! . Make your appointment today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017