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16720 LONGDRAFT ROAD
About This Property
Inside, the home offers spacious living and dining rooms filled with natural light, along with an updated kitchen featuring a modern backsplash, ample cabinetry, and an eat-in dining area.
Located in highly desirable Montgomery County, this home benefits from access to well-regarded schools, established neighborhoods, and unmatched convenience. You are just minutes from shopping, dining, parks, and major commuter routes-making daily life easy and connected.
The property offers great potential and is priced to reflect some updates and improvements needed-making it an excellent opportunity for buyers looking to customize a home to their taste or invest in long-term value . Seller will consider all reasonable offers. property also offered for rent $3000
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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 |
|---|---|---|---|
| Jun 24, 2026 | Price Decreased |
$775,000
↓ $24K
(3%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$798,888
↓ $100K
(11.1%) | |
| Price Decreased | |||
| Apr 21, 2026 | Relisted | $899,000 | |
| Relisted | |||
| Apr 15, 2026 | No longer available | - | |
| No longer available | |||
| Apr 4, 2026 | Price Decreased |
$899,000
↓ $30K
(3.2%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Montgomery
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,495 /mo
- 1 Bed
- 1 Bath
- 853 ft²
$3,750 /mo
- 3 Beds
- 2 Baths
- 2,600 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017