31 Echo Hills Drive
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 12, 2014 | Sold | ||
| Sold | |||
| Apr 9, 2014 | Listed by LAER Realty Partners | $524,900 | |
| Listed by LAER Realty Partners | |||
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Great colonial in a neighborhood on a large wooded lot with a shed for storage. Hardwood throughout the first floor. Updated kitchen with a center island and plenty of cabinets. Spacious family room with brick fireplace open to the kitchen. The master bedroom has a vaulted ceiling, walk in closet and updated vanity in the master bath. L shaped finished room in the basement, plenty of room for a play area, exercise area and additional family room. Title V has been approved. Central air for those upcoming summer months. Seller is building and can close now and lease back or close approx. August 1st and will give a 30 day notice prior to closing. Their home is half completed now. One Year Core Home Warranty for the buyer.
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| Jun 30, 2003 | Sold | ||
| Sold | |||
| Sep 24, 1999 | Sold | ||
| Sold | |||
| Jul 29, 1999 | Listed by Option Realty | $311,000 | |
| Listed by Option Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017