9942 Sage Lee Drive
About This Property
Built in 1995 - 4 bedrooms, 3 baths, 2 garage home on a cul-de-sac. Two bedrooms downstairs - master bedroom with tray ceiling and master bath with double sinks, toilet room, separate shower and tub that has recently been re-tiled. Second bedroom located next to master bedroom could be a study or nursery with a full bath conveniently down the hallway. Formal dining room or home office and living room with a fireplace. Up the split stairway leads you to the game room... take the left stairway and it goes to the third bedroom hallway and take the right to the third bathroom and fourth bedroom. Backyard is fully fenced with a covered patio for entertaining.
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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%.
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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 |
|---|---|---|---|
| Mar 4, 2019 | Sold | ||
| Sold | |||
| Oct 25, 2018 | Listed by Prime Realty Group | $265,000 | |
| Listed by Prime Realty Group | |||
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About Southbelt - Ellington
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Last Updated: 3 years ago
Data Source: HAR , MLS# 96013175
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017