1805 Armstrong 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 |
|---|---|---|---|
| Jun 9, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | Listed by Jay Marks Real Estate | $479,900 | |
| Listed by Jay Marks Real Estate | |||
| Sep 2, 2017 | Listed | $319,000 | |
| Listed | |||
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Wonderful 4 Bedroom, 2.5 Bath Home zoned to exemplary Donald Elementary! Open concept floor plan w-Wood laminate Floors & Gas Fireplace! Eat-in Kit w-Island, electric oven and range , B-in Micro, Pantry! Upstairs bedrooms are large with walk-in closets. Updated baths with Garden Tub, Sep Shower, H & H Sinks! Sep Utility Room 2 car Garage with Opener & Space. Large Yard w-fort and Patio. Plenty of room to roam. Near Greenbelt, walking Trails and Pond! Exemplary schools! The manager has listed the unit size as 2323 square feet.
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About Lake Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017