1571 LANE DRIVE
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 |
|---|---|---|---|
| Jan 12, 2026 | Sold | ||
| Sold | |||
| Dec 24, 2025 | In contract | - | |
| In contract | |||
| Dec 19, 2025 | Listed by LPT Realty, LLC | $660,000 | |
| Listed by LPT Realty, LLC | |||
| Nov 6, 2025 | Listed | $675,000 | |
| Listed | |||
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Don't miss your chance to live just steps from the South River & the Chesapeake Bay in this beautifully updated Saunders Point home! Situated on an oversized 0.43-acre lot, this charming property offers nearly 2,000 square feet of finished living space, an attached one-car garage, and a spacious, fully fenced backyard. Inside, you'll find three bedrooms, two and a half baths, and stunning luxury vinyl plank flooring in warm, neutral tones. The thoughtfully renovated interior features stylish finishes including updated lighting, shiplap accent walls, painted barn doors, and a modern kitchen with solid-surface countertops and a tile backsplash. A dedicated flex space on the main level complete with custom built-ins offers endless possibilities as a home office, wine bar, playroom, or creative retreat. The main level also includes a convenient laundry and pantry area just off the kitchen, making everyday living a breeze. The spacious primary suite includes a well-appointed en-suite bath with dual vanities and ample storage. Enjoy outdoor living on the inviting front porch, perfect for rocking chairs and a porch swing, or entertain on the expansive Trex deck with low-maintenance vinyl railings. A large storage shed provides plenty of room for garden tools and gear. All this, plus community amenities like river & bay access, parks, playgrounds, and more—this is coastal living at its finest!
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017