1622 Lancaster Road
About This Property
Inside, the home features a functional layout with a comfortable living area and a spacious kitchen that is a real treat, offering plenty of cabinet and counter space for cooking and gathering. A dedicated dining area sits just off the kitchen, making everyday meals and entertaining easy.
The primary bedroom includes a private bath, while two additional bedrooms offer flexibility for family, guests, or a home office.
The large lot provides plenty of outdoor space and room for gardening, recreation, or future improvements. With solid square footage, a generous yard, and a convenient location, this home presents a great opportunity for buyers looking for space and value in the Pikeville area.
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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 5, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Price Decreased |
$208,900
↓ $10K
(4.6%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by Berkshire Hathaway HomeService | $219,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| Nov 4, 2023 | No longer available | - | |
| No longer available | |||
| Nov 1, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017