8686 E Phillips Ave
About This Property
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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 14, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Listed by ERA New Age | $1,150,000 | |
| Listed by ERA New Age | |||
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This wonderful home is situated within one of the interior cul-de-sacs of the sought after Willow Creek community. As you walk up you are greeted by a spacious front patio and French doors that can be opened to allow the spring breeze to flow in. The foyer features a beautiful rust tile that makes clean up easy! To your right a formal dining room is ready to host dinner parties and to your left is a large family room perfect for movie nights! Off of the family room is a flex space that makes a wonderful office or playroom. The barn door in this flex space leads you to a smaller living room off the eat-in kitchen. The kitchen was recently remodeled and includes high end cabinets with pull outs and soft close doors, granite countertops, stainless steel appliances, a large pantry and bar seating on either side. The mudroom is a feature you won't find in other homes of this model. The space features plenty of extra storage and cubbies for all the summer necessities. The home features a 3 car, tandem garage! Upstairs you have 3 well equipped secondary bedrooms and a recently remodeled secondary bathroom. The primary bedroom includes a spacious walk in closet, his and hers sinks and storage as well as a newly remodeled shower with designer tile and stone like flooring. The basement is an amazing extension of this home. It walks out to the well manicured yard and includes a large flex room, a full bathroom and an extra lock off bedroom! The laundry room and storage space is ample! The homes back deck is another wonderful entertaining space, big enough for a table, lounge area and grill! Bonus features - a treehouse with a zip-line!!
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| May 19, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017