3521 Iris Cir.
About This Property
The open/spacious family room features custom build-in cabinets, connecting kitchen, and slider leading to upgraded rear yard with custom BB that seats 6 people, gas burning built-in firepit and large eating area.
Master suite has walk-in-closet with built-in organizers, remodeled bathroom and slider leading to patio. Guest BR has new tub/ fixtures, stone tile and sliders.
Additional Features: Custom dual paned vinyl windows and sliders, vinyl plank flooring throughout (except carpet in bedrooms), custom plantation shutters, recessed LED lighting, crown molding and baseboards throughout, custom paint, newer roof w/14 solar panels, upgraded electrical panel, central air/heat, 2 car attached garage, custom rain gutters, Nest thermostat and Ring devices.
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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 17, 2020 | Sold | ||
| Sold | |||
| Apr 17, 2020 | Listed by Coldwell Banker Realty | $885,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017