8201 Simpkins Way
About This Property
Step outside to your oversized screened-in lanai-ideal for relaxing, grilling, entertaining, or even adding a hot tub. Inside, the spacious kitchen features newer stainless steel appliances (2023), complemented by elegant tile and carpet flooring throughout. The bright, open living space creates an inviting atmosphere, while the flex room offers endless possibilities as a home office, hobby space, or den.
Recent updates bring peace of mind, including:
Washer & dryer (2023),Re-screened porch (2023), InternalTherm Roof Barrier for energy efficiency, HVAC system updated (2016)
The extra-large garage provides space for a golf cart or workshop. Plus, you'll enjoy easy access to the popular Zoo Linear Walkway right in the neighborhood. Priced to Sell !
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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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$469,000
↓ $16K
(3.3%) | |
| Price Decreased | |||
| Mar 20, 2025 | Price Decreased |
$485,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Feb 20, 2025 | Listed by Realty World Curri Properties | $495,000 | |
| Listed by Realty World Curri Properties | |||
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About Baytree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017