118 Stephens Lane
About This Property
Step outside, and this property really earns its keep. The expansive lot provides room to spread out, work, and play, featuring two powered storage sheds, a metal carport, and an above-ground pool ready for Florida summers. With fresh landscaping in the front and backyard, you won't even have to break a sweat to enjoy home! Whether you need space for hobbies, equipment, or just breathing room, this backyard delivers. Major systems have been thoughtfully maintained, including a metal roof replaced in 2019, water heater in 2021, and HVAC from 2012 with UV light treatment. All air ducts and insulation were replaced in 2025, offering peace of mind and improved efficiency.
If you've been searching for a property with land, functionality, and updates already handled, 118 Stephens Lane is one worth seeing in person.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017