2351 Lanai Lane
About This Property
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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 |
|---|---|---|---|
| Mar 17, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by Equity Union | $215,500 | |
| Listed by Equity Union | |||
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Come down and take a look at this 3 bed, 2 bath home in Thermal. With a great layout and a private deck, perfect for relaxing and unwinding on those beautiful summer nights. Enjoy the outdoors right at your doorstep! This property is perfect for buyers looking to settle down, grow, and create lasting memories in a welcoming community.
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| Mar 16, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2022 | Listed by Desert Gold Properties Inc. | $229,900 | |
| Listed by Desert Gold Properties Inc. | |||
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Salton City, Ca. 2351 Lanai Lane. Very nice 3 Bedroom, 2 Bath, 2 Car detached Garage. Open concept kitchen, dining and living room, Fireplace. Curb appeal, Features: private vinyl fencing. Wrought Iron entry gate, Newer roof, fireplace. New Flooring, New appliances. Located on the canal/fingers (currently dry) with views of the Sea. Manufactured Home is on permanent foundation. (433A). Laminate Wood Floors thru out, Close to schools, local shopping, gas, Red Earth Casino, area restaurants. Area very popular in the winter. You own the land, No HOA's, lower IID electric in this area. Back on market, Buyer not able to perform on loan.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017