2870 Frances 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 |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by John Greene Realtor | $439,000 | |
| Listed by John Greene Realtor | |||
| Jan 4, 2022 | Sold | ||
| Sold | |||
| Nov 1, 2021 | Listed by Charles Rutenberg Realty of IL | $349,900 | |
| Listed by Charles Rutenberg Realty of IL | |||
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WOW!! TRUE 5br upstairs home... with 3.1ba! Over 3100 sq ft of living space on main floor/upstairs alone! Don't forget all the extra space in the FINISHED basement! It's huge! Gorgeous open floor plan... spacious living room and separate dining room greet you at the door, with the stairs tucked off to the side, leading you in to a huge family room with attached office, huge morning room filled with windows/light, and 42" maple cabinets and quartz countertops, SS appliances, L-shaped breakfast bar/island +wall length pantry! Master Suite features extra sitting area, large walk in closet, bath with newer ceramic plank flooring, separate garden tub/shower and water closet. Two more FULL baths upstairs, one adjoining two bedrooms, and one in the hall. Recent updates include newer textured wood laminate on main floor, newer carpet in FR, lots of updated/fresh paint. Additional crawl space for tons of storage! Fenced backyard has a spacious stamped concrete patio, and a Rainbow swing set that stays! Lakewood West community has NO SSA, but the benefit of the pool/clubhouse and Lakewood Creek Elementary within walking distance! Tons of bike paths/walking trails/forest preserve spaces. Easy access to the I-88 corridor from either Orchard or Rt 47, close to lots of shopping!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017