7028 ECHO CLIFFS Drive
About This Property
Gated front entry. Tiled living room with large arched windows - lots of natural light. Separate formal dining area. Open kitchen with stainless appliances, rounded breakfast counter. Cozy tiled den with fireplace. 3 Bedrooms; 2 Baths. Zoned master includes large garden tub, double sinks and walk-in closet. Refrigerated air. Step out to a nice private patio. Grassy backyard with storage building. Walking distance to the park. Easy access to shopping, gyms, medical facilities and restaurants.
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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 |
|---|---|---|---|
| Apr 21, 2022 | Sold | ||
| Sold | |||
| Mar 11, 2022 | Listed by Coldwell Banker Apex REALTORS | $215,000 | |
| Listed by Coldwell Banker Apex REALTORS | |||
| Jul 9, 2001 | Listed by Howard & Associates, REALTORS - Broker Jim Howard -Deceased 11-2022 | $96,000 | |
| Listed by Howard & Associates, REALTORS - Broker Jim Howard -Deceased 11-2022 | |||
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LIGHT, OPEN BRING YOUR MOST CAREFUL BUYERS FOR AN EASY SALE, SPLIT BEDROOMS, TILE IN LR.,DEN AND KITCHEN AND PATIO. SEPARATE FORMAL DINING, MASTER HAS WALK-IN CLOSET, 2 SINKS, GARDEN TUB.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017