2154 Michael Lane
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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.
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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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Keller Williams Realty Southwest | $398,000 | |
| Listed by Keller Williams Realty Southwest | |||
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Beautiful 3 bedroom 2 bath one story home located in the Pearland community of Hickory Creek Place. With custom vinyl wood plank flooring throughout the main living areas, bathrooms have travertine tile and the bedrooms are carpeted. Upon entry, the Foyer greets you with a Study to the left and then extends to the large Family Room which features built in cabinets and shelves, a large ceiling fan, crown molding and a cozy gas log fireplace. The gourmet kitchen has loads of cabinets, stainless steel appliances, granite counter tops and opens to the dining area. An oversized Laundry room has a pantry and lots of extra space for storage. The primary bedroom has a walk in closet, double sinks, quartz counters, and a large walk in shower. There are two secondary bedrooms and a full bath with walk in shower. The back yard features a covered patio, Koi pond, fire pit, 2 sheds for storage. The 3rd car garage space was converted to a large workshop. There is a water well for yard irrigation.
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| Jul 10, 2020 | Sold | ||
| Sold | |||
| Jun 3, 2020 | Listed by Infinity Real Estate Group | $315,000 | |
| Listed by Infinity Real Estate Group | |||
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Gorgeous 1 story 3 bedroom 2 bath corner lot home located in Hickory Creek Place community! Beautiful landscaping and lighting in the front yard! Extended entry w/ a study on the left leading into family room with ceiling fan, crown moulding, built in shelves & gas log fireplace. Custom vinyl wood plank flooring throughout, travertine in bathrooms & carpet in the bedrooms. Gourmet kitchen features stainless steel appliances, granite counter tops & lots of cabinet space. Breakfast area off the kitchen. Oversized laundry room has extra storage area. Master suite w/ lots of natural lighting, shower, quartz counter top & cabinets for storage. 2 additional bedrooms and full bath. Backyard featuring a covered patio, fire pit, koi pond, shed with electricity inside & outside lighting and lots of green space, perfect for entertaining guests! Detached garage w/ workshop/man cave with electricity & A/C. Water well for irrigation! Full interior painting 2018! Call today for your private showing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017