5406 Sunshine DR
About This Property
But that's not all – this property also includes a detached two-bedroom, two-bathroom guest house. This versatile space features a galley-style kitchen and a combined living and dining area. It's been a successful short-term rental property, covering the entirety of the mortgage in 2022.
Don't miss this opportunity to make this exceptional property your own. New roofs are set to be installed by the end of October 2023, ensuring that your investment remains in prime condition. Welcome home!
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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 |
|---|---|---|---|
| Feb 2, 2024 | In contract | - | |
| In contract | |||
| Oct 13, 2023 | Listed by Keller Williams - Lake Travis | $950,000 | |
| Listed by Keller Williams - Lake Travis | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017