16725 E Highway 40
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 |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Feb 10, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Price Decreased |
$280,000
↓ $20K
(6.7%) | |
| Price Decreased | |||
| Nov 20, 2023 | Listed by REMAX/PREMIER REALTY | $300,000 | |
| Listed by REMAX/PREMIER REALTY | |||
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Stunning lakefront retreat! This 2-bed, 1.5-bath haven underwent with some remodel actions on 2023 Modern kitchen, private upstairs rooms with lake views, separate laundry, and a basement. Full furnish.Enjoy a patio, and renovated boat decks with a full lake Owen panorama. Septic tank and well cleaned 8 months ago, roof replaced 1 year ago. Includes storage container. Ideal to get together with family and friends or as a lucrative, no-restriction lease investment. Private paved entrance with large parking lot. Shopping near by, as well as, the famous Silver Springs State Park, hiking trails, biking trails, and other natural attractions. The police and firefighter stations are only minutes away. Call now – this opportunity is fleeting. Call today to seize it!
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| Oct 4, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017