7016 OAKNEY Road
About This Property
18 X 10 shed with two sets of double doors for easy entry of riding lawn mower, etc. Shed has one yr old metal roof and wood floor. Second shed for lawn equipment, etc. Third shed has washer/dryer and storage. Irrigation well and pump with internet based Rain Bird sprinkler system. Internet based security system with cameras. Linoleum tiles under carpet in main living area and bedrooms; ceramic tiles under carpet in bathroom. Firring strips between plaster in house and concrete block helps to keep moisture out! Upgraded 200 amp electrical service, newer 50 gallon hot water heater. Roof decking is tongue and groove solid wood. Termite bond that can be transferred for $100 fee.
**PLEASE NOTE: damage on bathroom wall will be repaired within a few days.
**Mirror in living room does not convey.
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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 |
|---|---|---|---|
| Sep 15, 2021 | Sold | ||
| Sold | |||
| Jun 14, 2021 | Listed by HOMETOWN REALTY OF DUVAL INC | $160,000 | |
| Listed by HOMETOWN REALTY OF DUVAL INC | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017