17116 Alara Drive
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 |
|---|---|---|---|
| May 28, 2021 | Sold | ||
| Sold | |||
| Apr 23, 2021 | Listed by Abby Realty | $395,000 | |
| Listed by Abby Realty | |||
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Mediterranean style one story with circle driveway on over an acre. Open, split bedroom floorplan features wood and Travertine floors, crown molding, high tray ceilings, extensive millwork and built-ins. Large living room with stone fireplace. Formal dining, coffee/wine bar, gourmet island kitchen with Granite, SS appliances, custom cabinets and large breakfast area overlooking covered patio and backyard. Spacious primary bedroom & bath includes, WP garden tub, separate walk in shower with dual shower heads, two vanities & Travertine floors. Expansive backyard complete with an 8' fence (lot extends beyond fence to the left and rear), covered & tiled patio w/solar screens, firepit and 12'x24' storage shed. Plenty of room for a pool or workshop. Finished oversize garage w/workshop area. Gutters, tankless hot water heater, water softener, Honeywell t9 smart thermostat and room sensors, solar shades, air filtration system. Certified pollinator and wildlife Texas native gardens.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017