1926 Cameron Lane
About This Property
This property CAN NOT obtain conventional financing because a dome house cannot be traditionally appraised per Fannie Mae and Freddie Mac guidelines. Original owner so no loan ever on property, the home does have some items that need to be finished, 2nd story of the home ( 2 bedrooms and 1 bath) are accessed via a spiral staircase. While open and spacious this property does need some work on lot and home.
*** Square footage shown is from county records, owner and agent don't think its correct we think it is closer to 2000-2400, but I'm not sure how to measure this house. Buyer to investigate sq. footage and all information to their satisfaction.
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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 11, 2019 | Sold | ||
| Sold | |||
| Jun 12, 2019 | Listed by Becky Prater Real Estate | $249,000 | |
| Listed by Becky Prater Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017