122 Redbay 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%.
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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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2024 | Listed by Offerpad Brokerage LLC | $439,900 | |
| Listed by Offerpad Brokerage LLC | |||
| Sep 7, 2023 | Sold | ||
| Sold | |||
| Jul 29, 2023 | Listed by Fonville Morisey/Triangle East | $439,500 | |
| Listed by Fonville Morisey/Triangle East | |||
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THIS IS IT! Great Plan nestled on a beautiful wooded Cul D Sac Lot. NEW Interior Paint(2023) The Living Room features a soaring ceiling, gas log fireplace and an abundance of sunlight. NEW Kitchen Cabinets and Granite Counters with plenty of cabinet space. Island and Double Oven. New DW. The Dining Room looks out onto the Covered Porch. 1st Floor Owner's Suite with 2 Walk in Closets and Separate Vanities, Garden Tub, Separate Shower. Two Bedrooms and Bonus on 2nd Floor. NEW Cabinets in Laundry on 1st Floor. Enjoy Relaxing on the Screened Porch or sipping your favorite beverage while floating around in your salt water in-ground POOL. 20X10 POOL House...Unfinished on inside. Use for Pool Storage or finish(Ideas?!?!?). Also Covered Porches on the Front and Back of the house provides more out door enjoyment. Driveway extended for ample parking. Publix, Harris Teeter/Starbucks, CVS are minutes away. Low HOA.
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About Southwick Farm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017