297 Alto Lane
About This Property
Beautiful one-acre property featuring a spacious three-bedroom, two-bath double-wide home with an inviting open-concept floor plan designed for comfortable everyday living and entertaining. The layout offers generous living space, a functional kitchen with ample cabinetry, and a seamless flow between the living, dining, and kitchen areas.
Situated outside city limits, this property offers the freedom of country living with no known restrictions-ideal for those wanting flexibility for additional structures, animals, equipment, or recreational use. The home has been moved once and is permanently attached, qualifying for VA financing.
Enjoy the privacy and space that a full acre provides while still being within convenient driving distance to nearby amenities. Whether you're looking for a primary residence, an investment opportunity, or a property with room to grow, this one checks the boxes.
Seller is highly motivated and welcomes all reasonable offers. Don't miss this opportunity to own affordable acreage with financing options available. This will only go VA or Conventional, it has been moved once!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $159,900 | |
| Relisted | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Price Decreased |
$159,900
↓ $20K
(11.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017