1612 Lowry 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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Jul 22, 2023 | Listed by RE/MAX Choice | $79,900 | |
| Listed by RE/MAX Choice | |||
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Affordable and adorable! This is a home that underwent extensive rehab work in 2017, therefore, the following are 6 years young: Roof, Wall-to-Wall Vinyl Plank Floors, Water Heater, Furnace, New Kitchen, New Bathroom, New Electric Service, Mostly New Plumbing, New Garden Shed, Appliances, and more! Currently property taxes are under $84 per month! The large patio area creates great inside/outside space. The home will appeal to both owner occupants and investors alike. Currently rented month-to-month at $795.00 to provide flexibility to the new owner.
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| Mar 10, 2017 | Sold | ||
| Sold | |||
| Sep 13, 2016 | Listed by KELLER WILLIAMS-TREC | $18,900 | |
| Listed by KELLER WILLIAMS-TREC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017