2515 Valetta Lane
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 |
|---|---|---|---|
| Jul 9, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by Faira.com Corp | $687,541 | |
| Listed by Faira.com Corp | |||
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Ranch style 3 bed 2.5 bath, split bedroom, family room w/fireplace, kitchen island, breakfast counter, 1.09 acre corner lot, great for families/kids/pets on a private, dead-end street. Covered 26' diameter gazebo is a focal point of the property, perfect for entertaining, outdoor dinners, and sunset views each evening. 1500 sq ft workshop to store desert toys, work on cars, etc. It’s fully insulated and has both heat & A/C. Includes large air compressor for pneumatic tools, wired for 220v, and spacious attic storage. Property is fully fenced, including rabbit fencing to contain smaller pets. Irrigation is via drip lines throughout property. Living/Dining area is open and unobstructed with an expansive 11’ window to the south. Light draperies which prior owner had installed (included). Family room is wired for surround sound. Electric appliances remain including washer, dryer, fridge, dishwasher, trash compactor, range, oven, microwave. Home has 5 whole-house fans, spread out by zone: 1 in each bedroom, 1 in living room, 1 in family room. Turn these on together or individually to pull in the cool evening outside air. New HVAC, A/C unit, and all ducting replaced. Wired for cable & has HD antenna (great reception). Home is all electric (less a small propane tank for the detached workshop. There’s an additional storage shed (10x12) in front, professionally built and painted to match house.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017