403 Merrimack 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 |
|---|---|---|---|
| May 18, 2021 | Sold | ||
| Sold | |||
| Apr 9, 2021 | Listed by Prime Properties | $648,000 | |
| Listed by Prime Properties | |||
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Beautifully maintained Lake Arrowhead home tucked in the trees on the hill. If you are looking for a relaxing get-away to escape the hustle and bustle of the city, we have the PERFECT place for you! Open great room floor plan with living, dining, and kitchen with newer hardwood flooring and brick fireplace. Vaulted ceilings coupled with abundant windows makes you feel like you are living in a secluded treehouse. French doors from great room lead to decking and concrete patio with newer salt water spa. Newer carpet in bedrooms (one on each level) and primary bedroom is the whole upper level. Over 1/2 acre of land at the end of a quiet cul-de-sac street makes this perfect for full-time or an easy get-away. The home has a gorgeous wrap around front deck and is the perfect place to just hang out and absorb the stunning and peaceful surroundings. Did I tell you it comes furnished and has lake rights. This home will not disappoint! https://realestateconnectpro.com/403-Merrimack-Dr/idx
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| Sep 24, 2020 | Sold | ||
| Sold | |||
| Aug 15, 2020 | Listed by Prime Properties | $498,800 | |
| Listed by Prime Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017