3303 Iris Court
About This Property
Home has a great layout with new carpet, SS appliances, granite in kitchen, built-in wet bar in family room, new HVAC, new water heater, upgraded windows, vaulted ceiling with wood burning brick fireplace in living room, and meticulous landscaping. Access to patio from large master bedroom with his & her closets. This friendly neighborhood is in an excellent location near major highways, parks, golf course, trails, City Line restaurants and shopping. No HOA.
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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 16, 2022 | Sold | ||
| Sold | |||
| Apr 21, 2022 | Listed by Bell Realty Company | $493,500 | |
| Listed by Bell Realty Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017