257 Waffle Drive
About This Property
** NOT ON LEASED LAND**
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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 17, 2024 | Sold | ||
| Sold | |||
| May 18, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by Playford Real Estate | $269,900 | |
| Listed by Playford Real Estate | |||
| Aug 26, 2013 | Sold | ||
| Sold | |||
| May 16, 2011 | Listed by Towne & Country Real Estate, LLC | $149,900 | |
| Listed by Towne & Country Real Estate, LLC | |||
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Beautiful lake view of 288 Acre Morrison Lake from this 4 BR lake home on owned land with an extra lot. This lovely home has previously been a Bed & Breakfast and is beautifully done. It offers newer insulation, beautiful rooms upstairs with country charm. The owner's put a new pitch roof with two skylights on in 2007 with raised ceilings in each room. The beautiful rooms upstairs have gorgeous paintings behind the drywall that would be easily removed to enjoy the designs. The owner's added the peak roof and picture window in the master BR in 2007. There is a great deck for entertaining and enjoying the view. The lakefront offers a nice sandy bottom and they have a cement sea wall. There is firepit and an 8X9 shed for all of your landscaping tools and mower. There's a newer elect ric water heater. The owner's are including an extra lot that is owned for additional value. All interested parties should confirm room and lot sizes. Taxes may change w/a closed transaction.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017