720 Fall Creek Drive #5
About This Property
The manager has listed the unit size as 1102 square feet.
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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 |
|---|---|---|---|
| Nov 5, 2021 | No longer available | - | |
| No longer available | |||
| Sep 28, 2021 | In contract | - | |
| In contract | |||
| Sep 8, 2021 | Listed | $189,000 | |
| Listed | |||
| | |||
|
Penthouse level with lake view condo!Ideal for either full-time living or income producing as nightly rental, this move-in-ready spacious 2-Bedroom/2-Bath Condo overlooking Lake Taneycomo from the well-maintained, screened-in sun porch is sure to please the most discerning buyer. You will no doubt be impressed that once inside feast your eyes on a design that is all-on-one level. No loft bedroom here; also a beautifully laid out fully-equipped, full kitchen (not galley style) with pantry. Recently repainted in soft, warm tones along with new laminate flooring in entry, living/dining rooms and soft, plush carpet in both bedrooms. P.S. You won't be hearing the pitter-patter of feet over you in the penthouse location. The manager has listed the unit size as 1102 square feet.
| |||
| Nov 24, 2019 | No longer available | - | |
| No longer available | |||
| Oct 16, 2019 | Price Decreased |
$82,900
↓ $7K
(7.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/28/2024
|
Loft
|
2 Bath
|
1102 ft²
|
$239,900
Loft
2 Bath
1102 ft²
|
-
-
|
Jonathan K Lee
Keller Williams - Branson Tri-Lakes
| |
|
09/08/2021
|
2 Bed
|
2 Bath
|
1102 ft²
|
$189,000
2 Bed
2 Bath
1102 ft²
|
-
-
|
Tom Buster
Silliman Realty & Associates
| |
|
01/29/2020
|
2 Bed
|
2 Bath
|
1102 ft²
|
$85,000
2 Bed
2 Bath
1102 ft²
|
$108,800
+28.00%
03/13/2020
|
Dustin Hall
| |
|
04/01/2019
|
2 Bed
|
2 Bath
|
1102 ft²
|
$96,900
2 Bed
2 Bath
1102 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1172 ft²
|
-
2 Bed
2 Bath
1172 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017