222 Valencia Drive
About This Property
The home has knotty cedar siding and upon entering the home, you can enjoy the stunning valley and mountain views through the large picture windows. The family room has a fun and nautical-inspired theme, and it is open to the kitchen for family entertainment and enjoyment. The rustic wood floors in this room add to the cozy ambiance. The hallway and bedroom carpets are newer, and the home has two energy-efficient HVAC systems and two water heaters. Two of the bedrooms share a Jack-and-Jill bathroom, and the primary bedroom has a recently remodeled bathroom. All three bedrooms have sliding doors that open up to the property. The property has beautiful landscaping & extra guest parking. There is also a three-car garage and themed outbuildings with extra storage. What an opportunity to decorate the home with your own style and enjoy the wonderland of the grounds!
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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 |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Aug 31, 2024 | Relisted | $999,999 | |
| Relisted | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017