46 Pine Needle Way
About This Property
Exterior and interior have been recently painted. The property is currently on the VRBO rental program (#468960) and offers strong rental numbers and history. In addition, the HOA mandatory, quarterly ''special'' assessment for the Beach Club and Camp Watercolor expansion projects has been PAID IN FULL. This fully furnished, beautifully decorated, 4BR home, each with an en suite bathroom, has a wonderful floorplan with two master suites downstairs, wood flooring throughout, high ceilings and a large living and dining area. Additionally, a unique, one-of-a-kind, screened-in back patio room with TV, The rental numbers are in the MLS under documents. They generate over $100,000 a year in gross revenue. The newly redesigned Camp Watercolor with $4million new features like a lazy River and slides is a 7 minute walk from the house.
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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 |
|---|---|---|---|
| Feb 13, 2023 | Sold | ||
| Sold | |||
| Jan 7, 2023 | No longer available | - | |
| No longer available | |||
| Dec 14, 2022 | Listed by Berkshire Hathaway HomeServices | $2,350,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Jun 3, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by Berkshire Hathaway HomeServices | $1,445,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017