2209 Hickory Lane
About This Property
Original garage has been converted to a formal dining or could be an additional living space. Original hardwood flooring in the family room and the secondary bedrooms. New primary bedroom added to the back of the home with a private bath. Great bedroom layout that would make the added primary bedroom an easy fit for an in-law private bedroom/bath space as well. Also added a new two car garage that an be accessed by the side street. Nice private outdoor area to sit and relax. Freshly painted kitchen and spacious breakfast area. Many ways to configure the added space in this lovely home.
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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.
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 |
|---|---|---|---|
| Nov 19, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Coldwell Banker Realty | $195,000 | |
| Listed by Coldwell Banker Realty | |||
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Wonderful space in this four bedroom gem in the heart of Pasadena - close to schools, shopping, and freeways.
Original garage has been converted to a formal dining or could be an additional living space. Original hardwood flooring in the family room and the secondary bedrooms. New primary bedroom added to the back of the home with a private bath. Great bedroom layout that would make the added primary bedroom an easy fit for an in-law private bedroom/bath space as well. Also added a new two car garage that an be accessed by the side street. Nice private outdoor area to sit and relax. Freshly painted kitchen and spacious breakfast area. Many ways to configure the added space in this lovely home.
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About Strawberry Hill
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Last Updated: 4 months ago
Data Source: HAR , MLS# 45627623
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