216 Padre Rd
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 |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by ERA Key Realty Services- Spenc | $499,900 | |
| Listed by ERA Key Realty Services- Spenc | |||
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This custom-built Ranch style home in New Braintree was thoughtfully designed with an airy and modern aesthetic! The open-concept kitchen and living room are complete with large island, slate counter-tops, stainless steel appliances and pot filler over the stove. The vaulted ceilings adorned with wood beams offer a grand appearance and tie in perfectly with the Red Pine flooring throughout. Each bedroom has a pocket door and access to a full bath. The main bath is complete with a double vanity and lovely soaking tub. If efficiency and low maintenance appeal to you this home has got you covered! Built in 2018, 2x6 construction, 50 year metal roof and hardy board siding. Relax on the cozy screen porch off the back and don't miss the outdoor shower in the fully fenced back yard which gets used well into the Winter months. There is a 1 car oversized garage attached. All set on a picturesque lot with a circular red-stone driveway and stone wall that make a brilliant first impression!
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| Jul 12, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017