16711 Rustic Colony Drive
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, 2024 | Sold | ||
| Sold | |||
| Apr 15, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by 5th Stream Realty | $555,000 | |
| Listed by 5th Stream Realty | |||
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Nestled in a serene neighborhood with mature trees, this 2-story residence invites you to experience the comfort and style. Master bedroom downstairs and 3 bedrooms upstairs. The spacious kitchen, which opens to the living room, creates a warm and welcoming ambiance. Many upgrades abound, including an automatic gate, double pane windows, custom drapes, and plantation shutters. The following are also updated: water softener (2017), roof (2019), driveway (2018), fence (2021), 1 AC unit (2019), and water heater (2018). Located just minutes away from 59 and the First Colony Mall, you'll enjoy effortless access to everything you need. Furthermore, residing within walking distance to Colony Meadow Elementary School, and zoned to top-rated middle and high schools, this home offers the perfect blend of convenience and education for growing families.
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About Colony Meadows
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
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$4,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017