240 Locha Drive
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 |
|---|---|---|---|
| Jun 18, 2019 | Sold | ||
| Sold | |||
| May 16, 2018 | Listed by Nicklaus Vance | $2,499,000 | |
| Listed by Nicklaus Vance | |||
| Jul 30, 2017 | Listed | $3,499,000 | |
| Listed | |||
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Breathtaking views from this over 7,697 sq ft, 4 bedroom/6.1 bath custom estate home in The Loxahatchee Club. Enter this magnificent home from the expanded, pavered drive through double wood doors into the foyer where you are immediately struck by the long lake and golf course views through a wall of French doors and clerestory windows in the two story living room. Adjacent is a formal dining room with coffered ceilings and palladium window. The kitchen with center island, custom cabinetry, top of the line, chef quality appliances and granite is open to the family room. The owners suite encompasses two floors connected by a spiral staircase. The large first floor master bedroom has its own sitting room, two custom closets, his and her baths and exercise room.The manager has listed the unit size as 7697 square feet.
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| Jan 3, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017