3610 Meandering Spring Drive
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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 |
|---|---|---|---|
| Sep 14, 2020 | Sold | ||
| Sold | |||
| Jun 24, 2020 | Listed by Greenwood King Properties | $780,000 | |
| Listed by Greenwood King Properties | |||
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Welcome to the serenity and beauty of the gated community of Monterrey at Willowbend! This modern Mediterranean lakefront home has all you could need: ample room sizes, media and game room, 4-car garage, and a fantastic floorplan for family or entertaining. Many upgrades were added by these, the original owners of this beautifully built Meritage home, including a raised-ceiling formal living room (that could be converted to a dramatic study/library), an extended sitting room space in the master bedroom, spa-like master bath with oversized shower, and more. Enjoy watching the birds on the lake from your covered patio or balcony, and look out on a beautifully landscaped backyard with plenty of room for a pool. Enjoy the pools, playgrounds, and walking trails of Westlake, and the highly rated schools of KISD (Buyer to verify eligibility)! All info per Seller.
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| Nov 9, 2019 | No longer available | - | |
| No longer available | |||
| Sep 14, 2019 | Price Decreased |
$789,999
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Aug 20, 2019 | Relisted | $800,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017