308 Lake Ave
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 |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Nov 9, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Listed by Keller Williams Realty Boston Northwest | $540,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
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Located across the street from Lake Quinsigamond, this exceptionally well maintained, multilevel property has so much to offer. The small deck at the front door opens into a gracious sized mudroom with plenty of room for winter coats and snowy boots. Enter into the living room with great natural light, beautiful engineered flooring and a perfect layout for entertaining. The two additional bedrooms both with gleaming hardwood floors and ample closets are also located on this level. Upstairs, the kitchen has a fantastic island, updated cabinets and stainless steel appliances, there is also exterior access from here to the back deck. The dining room is also incorporated into this open concept space. The primary bedroom is light and bright with a good sized double closet. The first full bathroom is also located on this floor. The lower level has a great media room with an additional full bath and laundry room. The lower basement houses the utilities and has space for storage. Newer shed.
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| Nov 12, 2021 | Sold | ||
| Sold | |||
| Sep 23, 2021 | Listed by Keller Williams Realty Boston Northwest | $400,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017