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18608 Wind Valley WAY
About This Property
The living area features a gas fireplace, while the oversized primary suite includes bay windows and an en-suite bath, creating a private retreat at the end of the day. Paid-off solar panels help support energy efficiency, with an average monthly utility bill of approximately $70, per seller. Recent updates include new LVP flooring and interior paint, a new water heater and pressure-reducing valve in 2026, HVAC replacement in 2022 with annual servicing, and a new roof in 2021.
The fenced backyard is framed by mature trees and provides a private setting for relaxing, entertaining, or enjoying the outdoors. Central Park is nearby, offering an outdoor gym, playground, trails, and pond.
Falcon Pointe residents enjoy access to community amenities including pools, a fitness center, clubhouse, event center, tennis and basketball courts, playgrounds, walking and biking trails, picnic areas, lake access, and a dog park. Conveniently located near shopping and dining at Stone Hill Town Center, with easy access to major toll roads.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Listed by eXp Realty, LLC | $375,000 | |
| Listed by eXp Realty, LLC | |||
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About Falcon Pointe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017