8416 Down Patrick Way
About This Property
4-bedroom, 2.5-bathroom home is situated on a peaceful cul-de-sac and bordered by a beautiful
wooded area that offers lots of privacy this 3,004 sq. ft. home allows for ample space for
entertaining guests and/or family. The primary bedroom has a spacious ensuite bathroom with double
sinks, a separate garden tub, shower, and a large walk-in closet. The kitchen's layout is both
functional and inviting, with a breakfast area, large granite island, desk space, and pantry. The
adjacent family room which ensures that those in the kitchen can be part of the lively atmosphere.
A second staircase leads to the expansive bonus room over the garage which could also be used as a
5th bedroom if desired. Residents of Wellington can enjoy a range of amenities, including a lake,
boat ramp, pool, and clubhouse available for rental, adding to the appeal of this desirable
community.
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Cap Rate Calculator
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 14, 2024 | Sold | ||
| Sold | |||
| Apr 29, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Relisted | $529,900 | |
| Relisted | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed by RE/MAX Peninsula | $529,900 | |
| Listed by RE/MAX Peninsula | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017