2177 LAKE Drive
About This Property
The main house is 1440 sqft 3B/2B with a bonus room that could be used as a 4th bedroom. The separate apartment or in-law suite is a 1B/1B, 418 sq ftwith a kitchen. Both properties have a new roof installed. The main house is newly painted inside with tiles and laminate flooring. And the master bedroom has a new sliding door that overlooks the lush yard. All one story. Live in the main house and rent out the apartment to help pay down the mortgage!
Back unit is currently occupied.
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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 |
|---|---|---|---|
| Apr 19, 2022 | Sold | ||
| Sold | |||
| Oct 5, 2021 | Listed by WORKMAN REAL ESTATE LLC | $239,900 | |
| Listed by WORKMAN REAL ESTATE LLC | |||
| | |||
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Enjoy the country setting in the City in this MULTI GENERATIONAL property. The main house is 1440 sqft 3B/2B with a bonus room that could be used as a 4th bedroom. The separate apartment or in-law suite is a 1B/1B, 418 sq ftwith a kitchen. Both properties have a new roof installed. The main house is newly painted inside with tiles and laminate flooring. And the master bedroom has a new sliding door that overlooks the lush yard. All one story. Live in the main house and rent out the apartment to help pay down the mortgage! Back unit is currently occupied.
| |||
| May 28, 2021 | Listed by WORKMAN REAL ESTATE LLC | $247,490 | |
| Listed by WORKMAN REAL ESTATE LLC | |||
| Dec 22, 2017 | Sold | ||
| Sold | |||
| Nov 27, 2017 | Listed by WORKMAN REAL ESTATE LLC | $148,799 | |
| Listed by WORKMAN REAL ESTATE LLC | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017