1924 Lorraine Place
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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 11, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Listed by Coldwell Banker Realty | $829,900 | |
| Listed by Coldwell Banker Realty | |||
| May 18, 2015 | Sold | ||
| Sold | |||
| Mar 26, 2015 | Listed by Keller Williams Ann Arbor | $495,000 | |
| Listed by Keller Williams Ann Arbor | |||
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Classic 1930's home in highly sought after Angell School area. Hardwood floors on first and second floors, wood-burning fireplace, plus an updated kitchen. Newer family room, laundry room and full bath in the lower level. Three spacious bedrooms and an updated full bath on the second floor. Walk-up attic is floored and air conditioned. Beautiful new stonework stoop and walk in front, plus a covered deck in the backyard. Minutes to the hospital, U of M, and downtown Ann Arbor., Rec Room: Finished
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017