31
Map
5116 Modeno Street
About This Property
LIST PRICE REDUCED BY $29,000 .Don't miss out on this limited opportunity. Only $1000 deposit to secure your New Home! Save thousands of dollars in closing costs with our approved lender. Flex cash also available. This beautiful home features volume ceilings, tile throughout the main living area, and an open floor plan. The outdoor living space features a large covered lanai. Enjoy community amenities such as sand volleyball, a heated pool, tennis and pickleball courts, barbecue grills, a fitness room, a large meeting room, and an outdoor play area. Waterstone offers quick access to I-95, beaches, dining and nightlife. NO FLOOD INSURANCE REQUIRED. Builder warranty included. Ready March 2025-sample photos used
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Price Decreased |
$302,772
↓ $29K
(8.7%) | |
| Price Decreased | |||
| Feb 6, 2025 | Price Decreased |
$331,772
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Dec 26, 2024 | Listed by Adams Homes Realty Inc | $332,772 | |
| Listed by Adams Homes Realty Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017