16971 CEDAR VALLEY CIRCLE
About This Property
**For a limited-time, qualified buyers may be eligible for mortgage financing at 2.99% interest rate for the first year, 3.99% interest rate for the second year and 4.99% interest rate mortgage loan for the remainder of the mortgage term when the home purchase is financed with a mortgage from FBC Mortgage. *Offer only valid for qualifying buyers who purchase the home between February 27, 2025, and April 1, 2025, and finance the home purchase with a mortgage loan from FBC Mortgage. Home must close by April 29, 2025, to qualify for the offer. Qualifying buyers must have a minimum FICO score of 720 and make a down payment of at least 5% of the Total Purchase Price. Contact mortgage loan originator for details on financing options. Borrower must meet lender's qualification criteria. David Weekley Homes has arranged a Forward Commitment of a limited amount of mortgage financing for qualifying buyers, who finance with FBC Mortgage. Applications under the Forward Commitment will be accepted on a first-come, first-served basis until the limited amount of mortgage financing is depleted, or the program end date, whichever occurs first. Actual loan pricing may be adjusted based on the borrower's credit profile and the borrower may need to pay discount points to get the rate under the commitment. This rate is not applicable for all credit profiles and not all borrowers will qualify for the rate. Offer must be presented to Sales Consultant prior to signing a Purchase Agreement and buyers who qualify for the Forward Commitment rate will not be eligible for any other Financing promotions or incentives. Loans subject to credit, underwriting, and property approval. This is not a commitment to lend. Terms and programs subject to change without notice. Home loan products may involve appraisal fees, title search fees, and other fees, but there is no cost to obtain details or apply. Other terms and conditions apply. You are NOT required to use FBC Mortgage as a condition for purchase of a home. See written purchase agreement for terms and conditions. David Weekley Homes reserves the right to terminate the program or change rules at any time.
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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 28, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Relisted | $550,000 | |
| Relisted | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Relisted | $550,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017