116 Sterling Rd.
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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Price Decreased |
$549,900
↓ $29K
(5%) | |
| Price Decreased | |||
| Oct 1, 2024 | Price Decreased |
$579,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Sep 10, 2024 | Listed by Key One Realty | $599,000 | |
| Listed by Key One Realty | |||
| | |||
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New price!!! Welcome home to this newly renovated beautiful 3 bedroom, 2.5 bath home located in the desirable quaint town of Lancaster!! Updates include,*Remodeled Kitchen with new Cabinets, Quartz Countertop and new Stainless Steel Appliances*New Bathroom Vanities with Quartz Countertops*Freshly Painted & New Flooring Throughout*Updated Electrical, Switches and Outlets*New Baseboard Heaters Throughout…. Call today to schedule your private viewing!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017