18519 Weeping Spring Drive
About This Property
The inviting single-story Travertine floor plan having 4 good-size bedrooms and two bathrooms features a welcoming covered front porch and entry foyer, a study/office room, kitchen with a large island, granite countertop, double sink, and a pantry, an open breakfast room and a family room that offers access to a covered rear patio, and a walk-in utility room. The master bedroom features a suite master bathroom with dual sinks, separate shower and tub, and dual master closets. All bedrooms are upgraded to hardwood-floor.
The community facilities are just walking distance including pool, playground, and a nice walking trail around the lake for walking/jogging after work. No backyard neighbors! Sellers are the first owner. Very convenient to Hwy 99 Grand Parkway!
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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 14, 2020 | Sold | ||
| Sold | |||
| Jan 21, 2020 | Listed by ABSOLUTE Realty Group Inc. | $260,000 | |
| Listed by ABSOLUTE Realty Group Inc. | |||
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017