1200 Drake 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 |
|---|---|---|---|
| Sep 14, 2021 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by Monument Realty | $400,000 | |
| Listed by Monument Realty | |||
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Corner lot backing to greenbelt in Celina's Heritage neighborhood! Wonderful floorplan featuring wood floors in entry through family room with lots of natural light & gas fireplace. Separate study has glass double doors. Kitchen features granite countertops, island, stainless steel appliances, white cabinets & under counter lighting plus bar & breakfast nook means plenty of room for the family. Flex space downstairs is perfect for a play room or second study. Spacious master suite with double sinks & vanity seating. Additional 2 bedrooms & full bath downstairs. Upstairs find a large game room with full bath - could be converted to 4th bedroom. Covered patio & large backyard back to greenbelt space! Won't last!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017