2 Frances Road
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 2, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by Compass | $950,000 | |
| Listed by Compass | |||
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Premier location on a quiet side street just steps to the new Maria Hastings Elementary. This sun filled, beautifully maintained and expanded split entry features 4 large BRs and 3 full BAs. A warm and inviting LR with FP and large bay window welcomes you into this special home with handsome HW floors. The formal DR flows into the first floor FR with skylight and full wall built-ins that leads to your lushly landscaped private back yard retreat w/ spacious patio and tranquility waterfall. The large eat-in kitchen has been updated with granite counters. The master BR suite comes with a private BA while two more generous sized BRs and another full BA round out the main level. The lower level provides a fourth BR and full BA that’s ideal for in-law suite or guest room. Updates include central AC, updated electric service, newer furnace, irrigation and new roof. A short distance to Lexington’s amenities; Hayden recreation, town pool and tennis and of course, historic Lexington center!
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| Nov 1, 1980 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017