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2764 Madrigal Lane
About This Property
THE OWNER HAS REPLACED ALL CARPETED AREAS WITH LOVELY WATER-RESISTANT VINYL PLANK WOOD LOOK FLOORS, UPGRADED MAPLE CABINETS WITH BLUE CORIAN COUNTER TOPS, WONDERFUL SCREENED PATIO WITH WOODED PRIVACY, THIS IS THE TRUE MEANING OF MOVE-IN READY! LOCATION IS KEY, CLOSE ENOUGH TO WALK TO THE WEST MELBOURNE COMMUNITY PARK, CHOICE OF 4 ''A'' RATED SCHOOLS AND JUST A (5) MINUTE RIDE TO ALL OF THE SHOPPING CENTERS.
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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 11, 2019 | Sold | ||
| Sold | |||
| May 6, 2019 | Listed by RE/MAX Aerospace Realty | $245,900 | |
| Listed by RE/MAX Aerospace Realty | |||
| Sep 3, 2014 | Sold | ||
| Sold | |||
| Jul 28, 2014 | Sold | ||
| Sold | |||
| Apr 21, 2014 | Listed by RE/MAX Aerospace Realty | $174,900 | |
| Listed by RE/MAX Aerospace Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017