1315 Shady Lane
About This Property
Situated on a spacious corner lot, this gem offers the added bonus of no city taxes! The modern kitchen boasts elegant granite countertops, a stylish subway tile backsplash, and ample cabinet space. The generously sized family room is perfect for hosting gatherings or cozy movie nights.
Additional features include a nearly new stackable washer and dryer, which will convey with the home, and a recently replaced hot water heater for your peace of mind. Convenient to Duke campus, hospitals, and local shops, dining, and entertainment, this home is ready for you to move in and make it your own!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Dickerson Brady Realty, Inc. | $399,500 | |
| Listed by Dickerson Brady Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017