2591 Gum Tree Lane
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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%.
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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 |
|---|---|---|---|
| Jul 17, 2019 | Sold | ||
| Sold | |||
| Jun 10, 2019 | Listed by RE/MAX United | $549,000 | |
| Listed by RE/MAX United | |||
| Nov 30, 2018 | Sold | ||
| Sold | |||
| Oct 18, 2018 | Listed by Carol Ann Osgrove, Broker | $459,000 | |
| Listed by Carol Ann Osgrove, Broker | |||
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Pending but taking back up offers. Darling rustic home on 1.21 gentle acres, views, over 360 cubic yds of compost for weed control so thick it's springy. Motor home pad with hook ups connect to septic. Vinyl windows, solar (see supplement), water faucets throughout the yard, gray water system installed for some waste lines, fenced garden area with raised beds fully irrigated, 3 fire hydrants on or near the home, roof is 10 years old, 1500 gallon septic system installed 10 years ago, ok for horses or 4H. Solar system installed, with loan to be paid off or perhaps assumed during escrow. This home is being sold AS IS. Wonderful opportunity for the creative. Wonderful meditation spots under lovely shade trees. Road maintenance agreement for Ralls Rd.. Neighborhoods: Live Oak & Gum Tree Other Fees: 0 Sewer: Septic Installed Topography: LL,GSL
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017