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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 10, 2025 | Sold | ||
| Sold | |||
| Feb 27, 2024 | No longer available | - | |
| No longer available | |||
| Feb 25, 2024 | In contract | - | |
| In contract | |||
| Feb 24, 2024 | Listed by RE/MAX IMPACT | $484,950 | |
| Listed by RE/MAX IMPACT | |||
| Feb 14, 2024 | Listed by RE/MAX IMPACT | $437,900 | |
| Listed by RE/MAX IMPACT | |||
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SHANNON ESTATES ~ One of the Most POPULAR Floor Plans, THE KINGSFORD! ~ PROPOSED "To Be BUILT" by Contract ONLY ~Homesite 245 In SHANNON Estates ~ FOUR BEDROOMS ~ 2.5 Baths ~ LIVING/DINING Rooms are Combined for GREAT Room Look! ~ The KINGSFORD Features 2400 Square Feet & Comes with a FULL BASEMENT ~ Convenient 2nd Floor Laundry ~ All BRICK on the FIRST Level ~ Standard Elevation "A" ~ NEW LENOX Park District Splash PARK, Lake, Pavilion with PICNIC Area, TRAILS & Playground all here in SHANNON ESTATES ~ Top-Rated LINCOLNWAY Schools ~ NO Homeowner Association FEES here in Shannon Estates !!! ~ LAKE Michigan Water ~ One of New Lenox's most Popular Subdivisions ~ Other Homesites may have Lot premiums ~ Builder"s Sales Office does Sales Contract ~ PLEASE Note this is PROPOSED New Construction at BASE price for a KINGSFORD, Final Sale Price is determined by Potential Buyer Selections ~ ONLY A Few REMAINING HOMESITES are AVAILABLE for building In Shannon Estates ~ The manager has listed the unit size as 2400 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017