7301 Cortes Lake Drive
About This Property
The master bedroom was enlarged, by the builder, by adding a bay window seating area. The garage was extended by 2'. An extra closet was added to the interior of the house. The 3rd bedroom closet has been removed. The room is being used as an office. It is evident this home has been maintained and cared for with love. Please inquire about purchasing this great room house furnished.
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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 17, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $349,000 | |
| Listed | |||
| | |||
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Resort style living at its best. Modern new clubhouse with deluxe amenities. Beautiful Great room concept with 3 bedrooms, 2 baths, screened-in porch overlooking green space. High ceilings, Granite kitchen, Wood Cabinets, Wood floors in the bedrms, Tile thru out the rest of the house make this wonderful home on a Quiet interior corner lot a must see!The manager has listed the unit size as 1707 square feet.
| |||
| Jun 24, 2017 | Listed by The Keyes Company | $349,000 | |
| Listed by The Keyes Company | |||
| Dec 1, 2014 | Sold | ||
| Sold | |||
| Aug 24, 2014 | Listed by The Keyes Company | $314,500 | |
| Listed by The Keyes Company | |||
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About Valencia Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017