6222 Choctaw Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 8, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $579,000 | |
| Listed | |||
| | |||
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Just in time for the Summer Fun to begin! This Summer, invite your family & friends to a private pool party in your own backyard! This Single-story home, with a little taste of Scottish charm, sits on an oversized corner lot of approximately 7300 ft.². The lot features a 16' X 32' X 12' D in-ground pool, surrounded by concrete decking and 2 sheds.Enclosed all season family room. Present owner has a green thumb & has carefully planted & cared for the beautiful gardens, with plants and trees. Some include Weeping Willow, Smoke tree, non-fruit bearing plum tree, a miniature orange tree, a rose garden and many more. There are 2 patios: A private patio on the side of the house & one in the backyard by the pool area with a possible RV area. There is an oversized detached 2 car garage, semi finished with an open loft and automatic garage door. Garage was used for dance studio, and had several additional electrical outlets installed with dedicated circuit breakers. Property is located in the popular Indian Village tract, that is close to schools, Bella Terra shopping center, a short drive to Westminster Mall, & popular Surf City and beach.The manager has listed the unit size as 1331 square feet.
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| Mar 27, 2017 | Listed by Coldwell Banker Beachside | $579,000 | |
| Listed by Coldwell Banker Beachside | |||
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About Westminster
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017