5233 Fort Concho Drive
About This Property
Light & bright open floor plan. Downstairs offers a spacious living rm, flex rm which can be used as an office or bdrm & gourmet kitchen w SS appliances & center island. The dedicated laundry rm comes w a hidden rm – a perfect play rm for children or doubles as a storm shelter. This unique home boasts a 2nd story master suite w direct access to an 11ftx14ft balcony with fantastic views of the backyard & greenbelt. The upstairs media rm w wet bar is ideal for a game or movie night. As for the backyard it is truly an entertainer's dream! The covered patio which runs the length of the house features a drop-down projector & 4 speaker audio system. A nearly 12ft rock & stone fence is prepped for easy setup of the 200 inch projector screen for the built-in outdoor theatre system as well as the entire backyard being set up for Alexa so you can easily control the fans, lighting, music & projector.
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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 |
|---|---|---|---|
| Jun 17, 2022 | Sold | ||
| Sold | |||
| Apr 22, 2022 | Listed by Keller Williams Realty | $500,000 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017