23 Graham Lane
About This Property
For car enthusiasts or those in need of extra storage, the 4-car garage is complemented by a massive 30x50 insulated metal building, providing space for a workshop, additional vehicles, or hobbies. The building is on a separate power source from the main home and has been plumbed in for a bathroom. The possibilities are endless!
Situated in the sought-after Lovejoy ISD, this property offers the perfect balance of privacy, luxury, and convenience. Whether you're relaxing by the pool, exploring the acreage, or entertaining in style, this home is a rare find. Schedule your private tour today!
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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 17, 2025 | Sold | ||
| Sold | |||
| Feb 24, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Keller Williams Realty Allen | $1,795,000 | |
| Listed by Keller Williams Realty Allen | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017