6 Sandstone Drive
About This Property
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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 |
|---|---|---|---|
| May 15, 2022 | Sold | ||
| Sold | |||
| Jan 26, 2022 | Listed by Ferrari + Co. Real Estate | $340,000 | |
| Listed by Ferrari + Co. Real Estate | |||
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Welcome to 6 Sandstone Drive at Stone Meadow, the area's premiere 55+ Community. Enjoy all life has to offer in this unique and special community, enriched with luxury amenities galore to include indoor lap pool, library, function hall, tennis court, bocci courts, shuffle board and fitness center! Meticulously crafted and Manufactured HUD Code home by Virginia Homes, part of this spectacular land lease community. Five (5) year lease required for $801/month to include the use of the community center, maintenance of private roads, snow removal, curbside trash removal, lawn care and snow removal from driveway, walkway and irrigation! No real estate taxes as this is a land lease community. All new prospects must be park/community approved. Showings Monday-Friday for appointment. All showings must be accompanied by sellers representatives.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017