6470 Sorrell Drive
About This Property
Horses Welcome...Large 1.71 acre corner lot at NE corner of Adamson & Sorrell.
New roof 2002, interior just repainted, carpets cleaned, pool re-screened and new pool pump as of July 2014. The kitchen has been remodeled with oak cabinets and tile counters. The fourth bedroom is 16ft x 18ft and has a fireplace, half bath and patio/pool access. It could also be used as a family room, den or recreation room with room for a pool table. The covered patio is huge at 17ft x 20ft leading to the oversized in ground pool. Great for cookouts and large gatherings. This is a great family home with room for horses, four wheelers and lots of toys. There are horse stables nearby as well. Close to I-95, Hwy 524 & 520 and Beech Line access as well as shopping and dining. dining.
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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%.
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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.
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 |
|---|---|---|---|
| Oct 14, 2014 | Sold | ||
| Sold | |||
| Jul 15, 2014 | Listed by RE/MAX Aerospace Realty | $199,900 | |
| Listed by RE/MAX Aerospace Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017