35389 Evening Glow Drive
About This Property
This single story, first-phase Spencer's Crossing home is presented at a level above all others. Opening the front door will draw you to one place: the backyard. The backyard of Twilight 2011 is introduced by sliding glass doors and oversized windows fitted with plantation shutters, which provide captivating views all the way from the front door. With an elevated position above the expansive greenbelt, your backyard privacy is unparalleled. Twilight 2011's backyard faces west, where priceless sunsets are included at no cost. Over $7000 in concrete was laid beneath a good-as-new patio cover that nearly matches the width of the home, not to mention dual concrete walkways in the side yards. Twilight 2011 loves to entertain, frequently hosting 30 guests in the open concept kitchen, living area, and backyard, which seamlessly blend together as the perfect home for sunset barbecues. The right wing of Twilight 2011 is dedicated exclusively to the master retreat, with an oversized walk-in closet strategically selected by homeowners employed in the retail clothing industry. Two oversized bedrooms are a comfortable distance from the master retreat, with easy access to a full private bathroom. The larger-than-average lot of Twilight 2011 is placed between two single story homes for maximum privacy. Indulge in the resort-caliber pools, spas, parks, and walking trails not provided to the new-build homes in the area.
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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 9, 2018 | Sold | ||
| Sold | |||
| Jul 6, 2018 | Listed by Allison James Estates & Homes | $408,995 | |
| Listed by Allison James Estates & Homes | |||
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About French Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017