17 Michael Ln
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 12, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Long Run Property Solutions, Inc. | $650,000 | |
| Listed by Long Run Property Solutions, Inc. | |||
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Remodeled Cape with 4 bedrooms & 2.5 bathrooms in the main home. Finished basement featuring an In-Law suite, 2 rooms with egress windows & closets, living room, kitchen and full bath with exterior access. Enjoy your morning coffee on the oversized covered front porch and take in the sunset in the backyard around the firepit or pool. First floor laundry with pantry cabinets for extra storage. Updated flooring throughout, luxury vinyl plank, tile and the family room featuring a plush carpet. The main kitchen has quartz countertops with upgraded GE Profile appliances, 6 burner propane range with electric oven, and the refrigerator has a built in keurig. New Roof/Skylights 2024, Pool & Shed 2023, Exterior Doors and Windows, Porch 2019. Endless outdoor fun with a pool, swing set, sandbox, firepit, raised garden beds with established berry bushes and plenty of green space. Irrigation and landscape lighting. 2 car garage with large 10 car driveway. Dog Kennel.
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| Nov 26, 2018 | Sold | ||
| Sold | |||
| Sep 20, 2018 | Listed by 1 Worcester Homes | $372,900 | |
| Listed by 1 Worcester Homes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017