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3024 Echo Park Dr
About This Property
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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 |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Price Decreased |
$623,950
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Nov 9, 2024 | Price Decreased |
$625,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Sep 26, 2024 | Listed by Realty One Group Premier | $629,900 | |
| Listed by Realty One Group Premier | |||
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*NEW ROOF Installed in May 2023 - warranty transferrable to buyer* This Walk-Out Ranch Style Home has an open floorpan in the perfect location of Carriage Hills in Crystal Valley Ranch. This 3-bedroom, 2-bathroom home offers views of rolling hills and even Pikes Peak from its back deck. The basement is unfinished as a fresh canvas with so many possibilities. The property features a beautifully xeriscaped landscape, ensuring low maintenance and a sustainable approach to outdoor living. The home boasts a newly installed roof with a one-time transfer to the next owner and is located in a great neighborhood. With a 3-car garage, ample storage space, and modern amenities, this residence provides the perfect blend of comfort and convenience. It is walking distance to the local park and just a quick 10 minutes from downtown Castle Rock.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017