1816 Cayman Way
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 16, 2026 | Sold | ||
| Sold | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Listed by Pacific Sotheby's International Realty | $799,000 | |
| Listed by Pacific Sotheby's International Realty | |||
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Bright and thoughtfully updated corner-lot home located in the desirable gated community of Heritage-Legends in Shadowridge. Designed for comfortable modern living, the residence combines clean contemporary touches with a warm, welcoming atmosphere. The main living area is filled with natural light and an open, airy layout. The modern kitchen features stainless steel appliances and an oversized countertop, offering both style and functionality—ideal for everyday living as well as entertaining. Updated ceiling lighting in the living room and primary bedroom adds a polished, contemporary feel throughout the home. The primary suite includes a remodeled bathroom that feels spacious and light, while the secondary bathroom has also been tastefully updated. All bedrooms are equipped with modern built-in closets, providing smart storage solutions and a clean, streamlined look. This home is equipped with fully paid solar panels, allowing the system to power the entire home while also supporting electric vehicle charging. A fast EV charger is already installed, suitable for a Tesla or other electric vehicles. Additional upgrades: smart light switches, smart climate control for heating and cooling, a smart front door lock, and a modern garage door opener. 2 car garage offers both convenience and functionality. Step outside to a spacious backyard surrounded by mature trees, creating a private and peaceful outdoor setting—perfect for relaxing, entertaining, or enjoying Southern California’s year-round climate. The neighborhood is conveniently located near scenic walking trails, a duck pond, golf courses, parks, schools, and a variety of shopping and dining options, providing a balanced lifestyle of nature and everyday convenience. This move-in-ready home offers modern upgrades, energy efficiency, and a comfortable layout in one of the area’s most sought-after communities.
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| Apr 29, 2019 | Sold | ||
| Sold | |||
| Feb 8, 2019 | Listed by Keller Williams Realty | $519,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017