3 Erie 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 10, 2010 | Sold | ||
| Sold | |||
| May 13, 2010 | Listed by Century 21 N. Shore | $397,784 | |
| Listed by Century 21 N. Shore | |||
| Apr 27, 2010 | Sold | ||
| Sold | |||
| May 23, 2003 | Sold | ||
| Sold | |||
| Jan 15, 2003 | Listed by Keller Williams Realty Evolution | $507,600 | |
| Listed by Keller Williams Realty Evolution | |||
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CHARMING 4/5 BR COLONIAL LOCATED IN THE PREP & SMITH SCHOOL DISTRICT, CUL DE SAC LOCATION. MANY CUSTOM FEATURES. LARGE FR WITH FP. LOTS OF STORAGE, CEDAR CLOSET, PRIVATE BACK YARD PRICED TO SELL! UNIQUE FAMILY HOME. A MUST SEE!!
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