19739 Highland Terrace Drive
About This Property
Upon entering through the first gate, you will find the Junior Accessory Dwelling Unit (JADU) to your left-a private suite with its own entrance, ideal for generating rental income or providing comfortable accommodations for elderly family members. To the right, the main entrance leads you into a grand hallway. Adjacent to the hallway, you will discover a dedicated office, an elegant formal dining room, and a spacious living room that seamlessly extends to the backyard, connected by an open-concept kitchen.
The second floor is dedicated to luxury and comfort, featuring an opulent master suite, two additional en-suite bedrooms, and a versatile den. The backyard is a serene oasis, adorned with a variety of fruit trees and offering unparalleled city and mountain views, perfect for outdoor gatherings and entertainment. Additionally, the neighborhood offers numerous scenic trails, allowing residents to fully immerse themselves in the surrounding natural beauty and breathtaking mountain vistas.
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Sep 15, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Listed by Harvest Realty Development | $2,598,000 | |
| Listed by Harvest Realty Development | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017