2384 Three Bar Lane
About This Property
4 bedrooms, 3 bathrooms, Living Room, Family Room, Dining area, Kitchen and Laundry Room. The home also has new flooring and paint throughout, New HVAC installed 2024 and direct access from the three car garage. To the rear of the property is an extra large out building that features an extra large storage/tack room that measures 12 X 12 and work shop that measures 12 X 16, two barn stalls with turnouts and one additional 12 X 24 horse stall. Two additional remodeled rooms that measure 12 X 24 and 12 X 12 for a total of 432 square feet of additional space NOT included in the square footage of the home. These two additional rooms could easily be extra bedrooms or even converted into an ADU. Two dog runs and storage shed included. To the rear of the out building is a large turn out area perfect for letting your horses run around. Tons of parking for your cars, RV and toys. Low Property Taxes, NO Mello Roos and NO HOA.
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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 |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Oct 13, 2024 | Listed by T.N.G. Real Estate Consultants | $1,100,000 | |
| Listed by T.N.G. Real Estate Consultants | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017