185 Fall Creek 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 |
|---|---|---|---|
| Aug 7, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $774,900 | |
| Listed | |||
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Fantastic Fall Creek Opportunity! 2 homes on a huge, level lot in a picturesque serene setting on Fall Creek. Perfect for entertaining with a rustic outdoor rock fireplace and BBQ area on the stone patio overlooking the creek. Main house is 2bd/2ba and 1,151 sq ft with an inviting entry and patio area. Charming 1BR/1BA, 458 sq.ft. guest cottage has ample outdoor space to entertain. This property offers plenty of off street parking and a nice mix of sun and shade. Walk to schools K-12, shops, and parks. Beautiful and natural setting, this would be a wonderful opportunity for an extended family, or live in one and rent the other. Very close to miles of hiking trails in Fall Creek State Park.The manager has listed the unit size as 1151 square feet.
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| Jun 24, 2017 | Listed by David Lyng Real Estate | $774,900 | |
| Listed by David Lyng Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017