2480 S Lakeview Drive
About This Property
The master bathroom was completely remodeled in 2023 with a custom shower, creating a private retreat.
Other major improvements include the installation of a new 19 SEER air conditioning system and water heater in 2023, ensuring energy-efficient comfort. The garage door, originally replaced in 2019, was recently updated with new springs, pulleys, and cables. Additional outdoor upgrades include new chain-link fencing and an irrigation back-flow replacement, both completed in 2024. A Dimplex electric fireplace, installed in 2021, adds warmth and charm to the interior.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2025 | Relisted | $279,900 | |
| Relisted | |||
| Mar 25, 2025 | No longer available | - | |
| No longer available | |||
| Mar 18, 2025 | Price Decreased |
$285,000
↓ $4K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017