18 Lake Drive
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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 |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Century 21 Alliance Rlty Group | $250,000 | |
| Listed by Century 21 Alliance Rlty Group | |||
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Cute bungalow/cottage nesltled on a large .76 acre lot with tremendous potential. Freshly painted throughout, this beauty boasts a nice sized living room, eat in kitchen, family room with Washer/Dryer at one end, 2 bedrooms, full bathroom and cozy den/office. Lot has out building with electricity and two smaller sheds, curtain drains behind the sheds. Close to Metro North New Hamburg station. The Pierless boiler with tankless hot water heater was replaced in 2019 and the owner hooked up to municipal water 2-3 years ago. This is a great place to call home.
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017