2378 TIMBER Lane
About This Property
Full brick, 3 bedroom 2 bath home that sits on a quiet cut-de-sac street. The expansive, fully fenced backyard is very private and doesn't back up to another house; the possibilities with the space are endless. The great room has a vaulted ceiling and a cozy brick fireplace. Flex space that could be a den or office is immediately off the foyer. Windows galore throughout the main living space and kitchen. BRAND NEW Bryant HVAC (4 MTHS), BRAND NEW Rheem WATER HEATER (1 MTH), ROOF (9 YO). Healthy grass in front and back yard, fresh exterior paint. Termite bond just paid in full through Feb 2021.
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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 24, 2020 | Sold | ||
| Sold | |||
| Feb 7, 2020 | Listed by PABLO CREEK REAL ESTATE LLC | $179,900 | |
| Listed by PABLO CREEK REAL ESTATE LLC | |||
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About Lakeside
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Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1037153
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017