2215 SOLMAR DR
About This Property
As you enter, you're welcomed by a bright living room featuring large windows that let in plenty of natural light. The adjacent formal dining room flows seamlessly into the well-appointed kitchen.
Located just minutes from schools, parks, shopping centers, and major commuter routes, this home is perfect for anyone looking for a balance of suburban tranquility and city convenience.
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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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 19, 2024 | In contract | - | |
| In contract | |||
| Dec 5, 2024 | Listed by Keller Williams Capital Properties | $550,000 | |
| Listed by Keller Williams Capital Properties | |||
| Nov 25, 2024 | Price Increased |
$575,000
↑ $305K
(113%) | |
| Price Increased | |||
| Aug 21, 2008 | Sold | ||
| Sold | |||
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About Fairland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017