224 Lomont Drive
About This Property
Features include; | a lovely front courtyard that welcomes you home. The quality & details of this home begin upon entering the home through the custom wooden, front door. The formal living & formal dining room will lead you to the cozy family room with fireplace. The adjoining kitchen is fully updated w/ custom cabinetry, granite countertops, stainless steel appliances & a breakfast area w/ a perfect, picture window that overlooks the backyard. | Additional updates include, Ref. A/C, updated windows & wooden shutters | Enjoy the lush landscaping & the smell of jasmine & honeysuckle that line the back walls of the garden, from the covered patios & pergola. The property features additional extra storage shed & space for extra vehicles + an extended garage! Crestmont Park, local restaurants, shopping & access to I-10 min. away! Don't miss out!
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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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| May 6, 2025 | Listed by ERA Sellers & Buyers Real Esta | $299,000 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
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About Crestmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017