161 Shane 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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Keller Williams Realty | $625,000 | |
| Listed by Keller Williams Realty | |||
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This lovely ranch sits up on a raised lot in a sought-after Chatham neighborhood. There are lots of mature plantings that are awaiting your green thumb. The sunlit living room features a wood-burning fireplace and oak floors that continue through the dining room, hallway, and bedrooms. The open kitchen features a sliding glass door that opens to a large deck overlooking the private rear yard. A full bath and two spacious bedrooms round out the main level. A walk-out basement with two partially finished rooms creates the opportunity to add additional living space. One area is currently used as a laundry room. A utility room and a garage in the basement offer plenty of storage space for all your outdoor furniture and beach gear. This home needs updating, but your time and investment will be well rewarded. As-is sale.
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| Mar 30, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017