308 Central Avenue
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 13, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Douglas Elliman Real Estate | $530,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
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This adorable 2br ranch is a great opportunity to customize your home. Open front porch, LR, FDR, kitchen 2br and full bath on main level. Hardwood floors through out. There is a full walk up attic that could be finished for additional space. The full basement also adds space for storage and recreation. Taxes have never been grieved and does not include STAR reduction. Close to LIRR, Highways and Schools.
| |||
| Jan 21, 2016 | Sold | ||
| Sold | |||
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About Lynbrook
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Data Source: OneKey MLS
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