308 Sundown Place
About This Property
Recently updated with fresh paint and plush carpeting on the stairs and upstairs areas, this home is truly move-in ready. The expansive backyard offers breathtaking views of the Franklin Mountains, making it an ideal spot to enjoy sunrises from the back patio or sunsets from the second-story porch. The kitchen, equipped with stainless steel appliances and abundant cabinetry, is a delight for any home chef, flowing effortlessly into the den and breakfast area.
The primary bedroom, located downstairs, boasts a spacious bedroom, an updated bathroom with a soaker tub, walk-in shower and a walk-in closet. Don't miss out-call today to make this house your home!
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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 30, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Price Decreased |
$375,000
↓ $13K
(3.2%) | |
| Price Decreased | |||
| Jul 19, 2024 | Price Decreased |
$387,500
↓ $12K
(3.1%) | |
| Price Decreased | |||
| Jun 29, 2024 | Price Decreased |
$399,900
↓ $26K
(6.1%) | |
| Price Decreased | |||
Property Highlights
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About Lambka Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017