1033 Royal Lane
About This Property
The new kitchen anchors the home with modern finishes and updates, complemented by a separate utility room and excellent storage throughout. Recent improvements include new vanities, updated lighting, ceiling fans, fresh interior paint, LVP flooring and tiles throughout, and enhanced landscaping, creating a move-in-ready experience.
The roof is less than six years old, providing peace of mind for years to come. Out back, enjoy a newly constructed screened-in porch (2024)-an ideal space for relaxing or hosting-with a dedicated outdoor TV outlet already in place. Alley access adds convenient entry to the rear of the home.
Well maintained and thoughtfully upgraded, this home blends modern updates with a practical layout in a great location-ready for its next owner to enjoy. Other updates include newer HVAC system (2021).
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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 |
|---|---|---|---|
| Jul 2, 2026 | No longer available | - | |
| No longer available | |||
| Apr 7, 2026 | Price Decreased |
$290,000
↓ $9K
(3%) | |
| Price Decreased | |||
| Mar 10, 2026 | Relisted | $299,000 | |
| Relisted | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Dec 15, 2025 | Listed by Real Broker, LLC | $299,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017