11080 Michael Lane
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 |
|---|---|---|---|
| Oct 20, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Listed by Keller Williams Southeast Texa | $390,000 | |
| Listed by Keller Williams Southeast Texa | |||
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This home located Gilbert Lake Estates addition is a 3 bedrooms, 2.5 bathrooms, 2 car garage with over 3,000 sqft of living space and sitting on 0.5 acres in Hamshire Fannett ISD. It features a large primary bedroom with huge walk-in closet and primary bath with double vanities, jetted tub, and a separate tiled shower. The kitchen features a walk-in pantry, island, lots of cabinets, and granite countertops. The upstairs has a bonus room that could easily be a game room, office, or playroom. This home also features a sunroom complete with A/C. Don't forget the large backyard that features mature trees and fruit trees. Aside from all the wonderful features inside the home, there also is a large workshop with plenty of space to park your boat or R/V. Click here to check out the virtual tour https://my.matterport.com/show/?m=6JHdtSuNBqm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017