16619 Blue Nile Drive
About This Property
oversized lot zoned to Cypress-Fairbank schools. Features include: large Study with custom shelving
and partner desk; 4 inch plantation shutters throughout; upgraded designer light fixtures and cabinet
hardware; Primary Suite w/ vaulted ceilings; large Primary Bath with dual vanities and oversized
shower; huge Primary closet w/ closed shoe cabinet; enormous laundry room with added built in
storage and door directly from Primary; rich hardwood flooring; 2 fireplaces; gourmet Kitchen with 11
ft sprawling island, double ovens & 5 burner stove; custom iron gates at front door; enclosed iron
fencing at back patio and side courtyard; interior and exterior camera system; 8 foot doors; custom
storage in garage; security lighting; electric storm shutters. See the attached upgrade list for more
information!
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Cap Rate Calculator
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 24, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Price Decreased |
$800,000
↓ $25K
(3%) | |
| Price Decreased | |||
| Mar 28, 2024 | Price Increased |
$825,000
↑ $25K
(3.1%) | |
| Price Increased | |||
| Mar 14, 2024 | Listed by Redfin Corporation | $800,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017