8497 Heather Place
About This Property
home is a diamond in the rough. Roof is about 2 yrs old; exterior just painted; AC about 1 year old! Inside laundry room. Vaulted ceilings, split BR plan. Large walk in closet, garden tub, dual vanities, sep shower, private potty room in Master. Kitchen is large with breakfast area & family room with ''drop dead'' views of the lake. Large covered, screened rear porch with access to open patio at the Lake's edge. 2-car garage with pull-down steps has attic access, too! Up to 2 pets weighing up to 30 lbs each. Priced to SELL. Buyer responsible for HOA docs. Buyer responsible for turning on utilities at their own expense.
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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 |
|---|---|---|---|
| Oct 24, 2022 | Sold | ||
| Sold | |||
| Jun 17, 2022 | Listed by RE/MAX Advantage Plus | $424,900 | |
| Listed by RE/MAX Advantage Plus | |||
| Sep 11, 2020 | Sold | ||
| Sold | |||
| Jul 11, 2020 | Listed by RE/MAX Advantage Plus | $239,000 | |
| Listed by RE/MAX Advantage Plus | |||
| May 2, 2017 | Sold | ||
| Sold | |||
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About Aberdeen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017