1123 Somercotes Lane
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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 |
|---|---|---|---|
| Jul 27, 2022 | Sold | ||
| Sold | |||
| Jun 27, 2022 | Listed by JLA Realty | $145,000 | |
| Listed by JLA Realty | |||
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This 2br/1ba. home is located only .5 miles from Hamblen Elementary. The home has been well kept and has had few updates including new flooring in the living area and kitchen. The backyard is spacious and fenced in, a great feature for those with pets or kids! This home would make a great starter home or a home for anyone looking to downsize. The neighborhood has a community pool, playground area, and tennis courts. Schedule your appointment today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017