1416 Ellis Lane
About This Property
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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 8, 2023 | Sold | ||
| Sold | |||
| Apr 27, 2023 | Listed by Monument Realty | $415,000 | |
| Listed by Monument Realty | |||
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Welcome to this stunning, NORTH facing, 4 bed, 2.5 bath, 2-story home located in the desirable Savannah subdivision. As you approach the home, you are greeted by a charming covered front porch, perfect for relaxing and enjoying the beautiful weather. Inside, you'll find an open and spacious floor plan featuring a large living room with plenty of natural light. The kitchen boasts an island, stainless steel appliances, granite type counters and an abundance of cabinet space. In the primary en suite enjoy a walk-in closet and a spa-like bathroom featuring a soaking tub and separate shower. Upstairs, there are 3 additional generously sized bedrooms, a full bathroom and an expansive bonus room that can be used as a TV room, play room, game room or anything your mind can dream up. This home also boasts many neighborhood amenities including a community pool, playground, tennis courts, basketball courts, lakes, walking trails, etc. Located just minutes from shopping, dining and entertainment.
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| Oct 29, 2022 | No longer available | - | |
| No longer available | |||
| Sep 24, 2022 | Price Decreased |
$445,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Aug 12, 2022 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017