316 ALBACORE DR
About This Property
Upstairs you will find 3 large bedrooms, a full bathroom and the enormous owner's suite that's almost 1,000 sqft on its own. With an attached seating area, a closet big enough to be an additional bedroom, with raised ceilings it would be easy to disappear and decompress in your own private paradise. The owner's suite features a recently remodeled washroom (it's too luxurious to be considered a regular bathroom) with a large soaking tub, tiled shower, and private throne. This home has additional potential with a huge unfinished basement with 9 ft ceilings, a rough in for a future full bathroom, and walk out basement stairs leading to the backyard. Positioned on .34 acres, this property is larger than it seems, and with the seclusion of the wooded backyard, you will never want to leave home but for only a quick trip into town or a day at the beach.
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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 14, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | In contract | - | |
| In contract | |||
| Mar 11, 2023 | Listed by Keller Williams Realty Central-Delaware | $550,000 | |
| Listed by Keller Williams Realty Central-Delaware | |||
| Oct 10, 2021 | No longer available | - | |
| No longer available | |||
| Aug 10, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017