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1347 Somercotes Lane
About This Property
Ceramic tile flooring runs throughout the home, making maintenance a breeze. Step outside to enjoy the covered back patio, perfect for relaxing or entertaining, along with a separate storage area for added convenience. The fully fenced backyard offers ample space for outdoor activities, pets, or gardening.
Don't miss the opportunity to make this wonderful home yours!
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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 |
|---|---|---|---|
| Jun 17, 2026 | Listed by Texas Realty | $229,000 | |
| Listed by Texas Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017