27848 Portal Way
About This Property
The backyard has been landscaped & includes an alumawood patio cover with ceiling fans. The patio space is over sized and wraps around the side of the house. The built-in firepit has a gas option. This home has solar to keep utilities low. This 25-acre community offers catch-and-release fishing, paddle boating, Heritage Lake clubhouse, splash park, tot lot, and waterfront pool. Walking distance to the elementary and middle schools, this is truly a wonderful home in an awesome community. Steps away from the lake, playground and trails. Check out the 3D virtual tour today!
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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 |
|---|---|---|---|
| Jun 22, 2020 | Sold | ||
| Sold | |||
| Feb 7, 2020 | Listed by Reliable Realty Inc. | $425,000 | |
| Listed by Reliable Realty Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017