16723 Dew Drop Lane
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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Oct 14, 2023 | Listed by eXp Realty LLC | $235,000 | |
| Listed by eXp Realty LLC | |||
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This charming one-story home nestled in the highly sought-after Sommerall subdivision is calling you HOME! Its prime location, conveniently located near Hwy 6 - FM 529, provides unparalleled convenience w/ easy access to major freeways and plenty of shopping, dining, entertainment & retail hubs. Perfect starter home or investment property, this home boasts 3 bedrooms, 2 bathrooms, abundant natural light, cozy kitchen w/ beautiful granite countertops & ample storage/counter space. Entertaining becomes effortless in the spacious living room, allowing you to comfortably gather friends & family. The large owner's suite features an ensuite bathroom, providing a tranquil retreat after a long day, while the nice-sized secondary bedrooms offer flexibility and convenience. As the weather beckons you outdoors, step into your expansive backyard, which offers the perfect backdrop for memorable BBQ nights & outdoor gatherings. Don't miss the opportunity to make this home yours!
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About Sommerall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017