18 Fairview 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 |
|---|---|---|---|
| Sep 26, 2022 | Sold | ||
| Sold | |||
| Jun 22, 2022 | Listed by Lamacchia Realty, Inc. | $349,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Here's your chance to enjoy nearly unobstructed lake views without having to pay the lakefront price! That's not all... you have full, deeded access to the lake and a beautifully maintained, private beach right across the street! You can move into this home as-is, or you can add your finishing touches first and STILL be in to enjoy the rest of the summer. This home gives you one-level living upstairs and the benefits of in-law potential in the finished basement complete with kitchenette. There's a newer, energy-efficient, propane, wall-mounted furnace with FIVE zones including one for the unfinished, enclosed porch - which you'll definitely want to finish and enjoy those lake views. A little work will go a LONG way here AND seller is helping out with a full-coverage, 1-year home warranty! Cedar Meadow Lake is a 144-acre, fully-recreational lake with an active water ski club. Come and claim your lake-life! Copy & paste: https://devynguy6.wixsite.com/devynbutkiewicus/18-fairview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017