16768 Sherbert 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 |
|---|---|---|---|
| Sep 18, 2023 | Sold | ||
| Sold | |||
| Mar 21, 2023 | Listed by Elsie Halbert Real Estate, LLC | $399,900 | |
| Listed by Elsie Halbert Real Estate, LLC | |||
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Seller financing would be entertained. This unique 5.7 plus acre property consist of 2 completely remodeled homes. The first is a 3 bedroom 2 bath home. The second is a 3 bedroom 2 bath mobile home. There are lots of beautiful mature oak trees. Property also has a small pond. There are new aerobic septic systems for each home and Mabank City water. There are also 2 water wells on the property for the avid gardener to water a large garden during dry season. The properties sit at the end of your private road far enough away from the highway for your privacy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017