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6863 Reflection Way
About This Property
Only 3 minutes from 60 Fwy . . . 7 minutes from 15 Fwy & 91 Fwy . . . . SELLER HAS INVESTED OVER $60,000 IN IMPROVEMENTS . . . . Among improvements are 24 SOLAR PANELS, entire home water softner & osmosis drinking water purifying system, front has extra long & wide driveway for RV & boat parking, double wide wrought iron gate with access to backyard, entire back yard cemented, planters, all-around cement block wall , water fountain, & waterfall spout for children to play . . . . EXPANSIVE LIVING AREA IS OPEN FLOOR PLAN DESIGN . . . . One bedroom & FULL bathroom downstairs . . . . 24 SOLAR PANELS ENSURES THAT YOU HAVE NO ELECTRIC BILL . . . . Seller has 2 refrigerators, chest freezer, & uses movie projector for about 4-5 hours everyday and still pays NO ELECTRIC BILL . . . . KITCHEN IS HUGE WITH CUSTOM CABINETS & GRANITE BREAKFAST ISLAND . . . . Newer stainless steel kitchen appliances . . . . Front & backyard is EASY maintenance . . . . CALL TODAY FOR PRIVATE SHOWING OF THIS AMAZING 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 |
|---|---|---|---|
| Aug 29, 2019 | Sold | ||
| Sold | |||
| Jun 12, 2019 | Listed by 1% LISTING FEE | $525,000 | |
| Listed by 1% LISTING FEE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017