515 Le Point Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 25, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by BHHS Hallmark Realty | $899,000 | |
| Listed by BHHS Hallmark Realty | |||
| Apr 27, 2018 | Sold | ||
| Sold | |||
| Mar 23, 2018 | Listed by Torelli Investment Realty | $849,000 | |
| Listed by Torelli Investment Realty | |||
| | |||
|
Newly remodeled (over 90% brand new) home in Arroyo Grande on an extra wide lot a few minutes walk into the Village. Main home was taken down to one wall, re-built and completed in 2017. Detached Guest House in the rear is brand new and so is the finished two car garage with a solid wood door. Two sets of French doors lead from the kitchen and a secondary bedroom to the back yard, and the Guest House has it’s own French doors plus another side entrance. Kitchen has vaulted wood ceilings, custom solid wood cabinets, Quartz countertops, Bosch refrigerator and dishwasher, LG double convection oven, small custom pot rack, and custom cupboard with sliding shelves for the coffee maker and toaster.
Main living and dining room has vaulted wood ceilings and an electric fireplace with remote control, two heat settings and three visual settings. Wide plank hardwood floors in all rooms & Guest house, custom tile floors in all bathrooms, and all the custom chandelier’s stay with the home. Guest house has hardwood ceilings, a separate heater, a sink in the living area, full bathroom, and comes furnished with the home.
Tankless hot water heaters in the main house and guest house, fire sprinklers, and a water softener hook-up. There is a gas line in the Guest House for possible future kitchen, and two more outside for a BBQ or fire pit, and above the Pergola for outdoor heaters.
Solid Elm dining room table and 10 chairs stay with home.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017