428 Red Cedar Way
About This Property
The WaterColor community includes residential homes and an award-winning beachside resort located on the beautiful Gulf of Mexico beaches and alongside serene Western Lake. The community is designed to have a small-town feel and is perfect for exploring on foot or by bike. Quaint streets and pathways connect homes to the community's parks, lush green spaces and shops. The community includes access to a boathouse with paddleboards, kayaks and fishing equipment; an outdoor amphitheater; a lakeside pool; a bike barn and more.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 3, 2021 | Sold | ||
| Sold | |||
| Dec 11, 2020 | Listed by Berkshire Hathaway HomeServices | $2,895,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Aug 2, 2016 | Sold | ||
| Sold | |||
| Feb 18, 2016 | Listed by Berkshire Hathaway HomeServices | $2,295,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017