21321 Lancaster Run #612
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 24, 2025 | Price Decreased |
$280,000
↓ $12K
(4.1%) | |
| Price Decreased | |||
| Mar 22, 2025 | Price Decreased |
$291,900
↓ $7K
(2.4%) | |
| Price Decreased | |||
| Mar 19, 2025 | Price Decreased |
$299,000
↓ $6K
(2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/30/2025
|
2 Bed
|
2 Bath
|
1134 ft²
|
$305,000
2 Bed
2 Bath
1134 ft²
|
$275,000
-9.84%
05/08/2025
|
Kaelyn Rhodes
Naples Investment Realty
| |
|
11/20/2024
|
2 Bed
|
2 Bath
|
1160 ft²
|
$305,000
2 Bed
2 Bath
1160 ft²
|
$265,000
-13.11%
03/25/2025
|
Cliff Glansen
FLATFEE.COM
| |
|
07/14/2020
|
2 Bed
|
2 Bath
|
1160 ft²
|
$209,900
2 Bed
2 Bath
1160 ft²
|
$199,000
-5.19%
10/02/2020
|
Kevin Bartlett
| |
|
06/29/2020
|
2 Bed
|
2 Bath
|
1160 ft²
|
$205,000
2 Bed
2 Bath
1160 ft²
|
$198,000
-3.41%
09/04/2020
|
Ginny Nobbe
| |
|
07/29/2017
| |
2 Bed
|
2 Bath
|
1134 ft²
|
-
2 Bed
2 Bath
1134 ft²
|
-
-
|
-
|
Building Info
About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017