7470 W Mercada Way
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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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by Coldwell Banker Realty /Delray Beach | $499,000 | |
| Listed by Coldwell Banker Realty /Delray Beach | |||
| Dec 1, 2020 | No longer available | - | |
| No longer available | |||
| Nov 17, 2020 | Listed | $395,000 | |
| Listed | |||
| | |||
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IMMACULATE RITZ MODEL WITH FANTASTIC LAKE VIEWS. NEUTRAL TILE ON THE DIAGONAL THROUGHOUT THE HOUSE. ACCORDION HURRICANE SHUTTERS, LIVING ROOM & DINING ROOM HAVE A CATHEDRAL CEILING, CROWN MOLDING & AN OPEN FLOOR PLAN. KITCHEN HAS GRANITE COUNTERTOPS, UPDATED BACKSPLASH, WHITE CABINETS & STAINLESS STEEL APPLIANCES. MASTER BEDROOM HAS TRAY CEILING, DUAL FITTED CLOSETS AND BLACKOUT SHADES. MASTER BATHROOM HAS DUAL SINKS, VANITY, SEPARATE SHOWER WITH BENCH, SOAKING TUB AND WATER CLOSET. OFFICE/DEN/3RD BEDROOM HAS DOUBLE DOOR ENTRY, CROWN MOLDING & CEILING FAN. LAUNDRY ROOM HAS UTILITY SINK. GARAGE HAS PULL DOWN STAIRS AND PEDESTRIAN DOOR TO BACKYARD. BUYER PAYS 1X CAPITAL CONTRIBUTION AT CLOSING = $1798. ALL MEASUREMENTS DEEMED ACCURATE AND SHOULD BE INDEPENDENTLY VERIFIED. The manager has listed the unit size as 1837 square feet.
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| Oct 7, 2004 | Sold | ||
| Sold | |||
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About Valencia Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017