261 Highway 11
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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jun 10, 2024 | Listed by EXP Realty, LLC. | $559,000 | |
| Listed by EXP Realty, LLC. | |||
| | |||
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This 4 bedroom, 3.5 bath home sits on just under 3 acres of land in the Zone 5 area of the Social Circle School District ! It has an open concept layout and large covered back porch. When you enter, you'll immediately notice the attention to detail and finishes throughout. Such as the 9 foot ceilings, granite countertops, large island, tile backsplash, an oversized pantry, and a wood burning fireplace. The primary suite is a true retreat, featuring a large bathroom complete with a freestanding tub, double vanities, granite countertops, a tile shower, and an oversized walk in closet. The split floorplan places the three additional bedrooms and secondary bathrooms on the opposite side of the home. For those seeking even more space, there is an option to finish the bonus room with a full bathroom for an additional cost. This flexible space can be customized to suit your needs, whether it be a home office, a playroom, bedroom, or a guest suite. The possibilities are endless! PLEASE NOTE: PICTURES ARE NOT OF ACTUAL HOME. HOME IS IN THE PROCESS OF BEING BUILT AND PLAN MAY VARY AT BUILDERS DISCRETION. Please do not walk property without agents knowledge. AT&T FIBER IS AVAILABLE AT THE ROAD!! ESTIMATED COMPLETION September 2024
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| May 3, 2024 | Listed by EXP Realty LLC | $559,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017