29110 W Lake Drive
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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by Wendy Cline Properties Group | $125,000 | |
| Listed by Wendy Cline Properties Group | |||
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Great Investment opportunity! 2-bedroom 2 bath home situated on half an acre in Lynnwood Lakes! This charming property has so much potential! The spacious living room features a beautiful wood ceiling with exposed beams, a cozy woodburning fireplace, and tons of natural light! The galley style kitchen offers ample cabinet and counter space, a breakfast bar, a large pantry and recessed lighting. Downstairs you will find a large secondary bedroom and a full bathroom. The large Primary bedroom is located upstairs with another full bath and an extra room that could easily be converted into an office! There is a detached one car garage with plenty of storage space and a large deck perfect for entertaining! Spend your mornings outdoors taking in the scenic country views or relax and go fishing at the stocked community lake! Property is on a community well. Low taxes!! Just minutes from Hwy 290 and Hwy 6! Horses allowed! Schedule your showing today!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017