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8 Queens Wreath Way
About This Property
An incredibly clean and well maintained 3 bedroom 2 1/2 bath University Park home awaits your arrival. Located in University Park this is simply a steal compared to some of the other opportunities nearby. With energy efficient dual pane windows, and the updated Air conditioning unit, furnace, garage door, water heater and roof this home has good "bones".Upon entering the 1st floor living space, dining area, and kitchen you'll notice the combination of tile, and laminate, with a calming color scheme throughout. Arguably one of the best lots on the street, it's too easy enjoy the tastefully landscaped low-maintenance backyard that opens up to a hidden Greenbelt. In addition there's half bath located downstairs is perfect for your guests. All three bedrooms are located on the 2nd floor due to the great location positioning of the home bedrooms get an incredibly private feel.
It's an incredible opportunity for someone who'd like to simply add some basic finishes to make the home their own. Welcome to our neighborhood!
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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 |
|---|---|---|---|
| Jun 19, 2019 | Sold | ||
| Sold | |||
| Apr 26, 2019 | Listed by Keller Williams Realty Irvine | $755,000 | |
| Listed by Keller Williams Realty Irvine | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017