2802 Michael Lane
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 |
|---|---|---|---|
| Aug 15, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2022 | Listed by MIKE POWELL REAL ESTATE | $285,000 | |
| Listed by MIKE POWELL REAL ESTATE | |||
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Nice home located in one of MW's nicer neighborhoods. Three Bedrooms, Two Bathrooms, Two car garage. Two living areas. Fireplace in main living room. Covered outdoor patio in the back yard. Wood Privacy fence was installed last year. Storm closet in the master bedroom. This will be the best house on the market in MW's in this price range. Be the first one to look and get your chance quick.
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| Nov 20, 2020 | Sold | ||
| Sold | |||
| Oct 8, 2020 | Listed by Indwell | $175,000 | |
| Listed by Indwell | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017