1813 Balsawood Drive
About This Property
Gorgeous home in the 55+ Community of Seven Hills! 2 Bed, 2 Bath + Office single family residence features tile flooring covers the kitchen, breakfast nook, foyer, bathroom and living room. Vaulted ceilings run along the living and Family room and living room, plantation shutters throughout. The office has double doors, can be a 3rd bedroom if needed. Cozy fireplace for the coming cold months. The indoor laundry area is located conveniently off the kitchen. There is a covered patio that is great for entertaining, backyard with easy maintenance landscaping, block walled Backyard. Amenities include a well-designed clubhouse a low HOA (Please verify with the HOA office) This community is super nice, evident from the clean yards, streets and manicured neighborhood.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 16, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2023 | Listed by Century 21 Masters | $410,000 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017