218 Brocks Lane
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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 |
|---|---|---|---|
| Sep 13, 2023 | Sold | ||
| Sold | |||
| Jul 4, 2023 | Listed by Elite Texas Properties | $315,000 | |
| Listed by Elite Texas Properties | |||
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Only 5 years young this spacious one story has an open floor plan and a huge back yard with a separate 14' x 20' patio which offers electricity & water. Full yard sprinkler system, programmable thermostat, recessed lights in all bedrooms and living room, surround sound speakers, insulated garage, hook ups in garage for fridge with ice maker, sink in garage & Granite counter tops thru out. A/C replaced in 2022 with 3.5 ton unit. This home is situated right off SH 105 and offers easy access to schools, shopping, medical facilities, churches and restaurants. Situated in the Highly Acclaimed Montgomery School District.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017