404 Oak Point Drive
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2015 | Sold | ||
| Sold | |||
| Oct 1, 2015 | Listed by RE/MAX Real Estate Center | $249,900 | |
| Listed by RE/MAX Real Estate Center | |||
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Want a new home in Oak Point without the wait for construction or sales tax? Totally renovated and freshly painted, better than new, modified Lexington 2. TOTALLY NEW Kitchen with custom cabinetry, granite, and stainless steel appliances including French door refrigerator. Solid Bamboo flooring throughout. New bath vanities, new lighting throughout. Private wooded lot close to clubhouse. Finished garage. Newer roof (4-5 years), newer hot water heater (1 year). Fireplace, 2 car garage. Fresh landscaping. This is the unit you've been waiting for, nothing to do but move in. Oak Point amenities include 3 heated pools (1 indoor), hot tubs, gymnasium, fitness center, ball room, bocce ball, tennis, billiard room, ballroom, and much more! On-sight social director plans ~75 activities a month.NO PROPERTY TAXES! No Showings until Open House October 4th 1-3pm.
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