1969 Northshore 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%.
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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 7, 2021 | Sold | ||
| Sold | |||
| May 13, 2021 | Listed by Walzel Properties | $150,000 | |
| Listed by Walzel Properties | |||
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Lakefront living in the hidden gem community of Lake Forest Falls. The home sits on a large tree-shaded waterfront lot. It has a boat slip/dock. Roof replaced mid-2017. Dual pane vinyl windows and sliding glass doors with shade inserts installed in 2018. Carpeting installed in 2020. Current owner has lived in the home since 1976 and it never flooded during that time. Bring your boat or jet ski. Recreation on the lake includes boating, swimming and fishing. Lake has a swim island. The community also has several parks. Includes washer, dryer, refrigerator, lakeside swing and 2-person peddle boat. Low tax rate.
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Last Updated: 6 months ago
Data Source: HAR , MLS# 44666964
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017