31 Marvin 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 9, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by R B Homes Inc | $525,000 | |
| Listed by R B Homes Inc | |||
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Nestled in the charming community of Commack, NY, this four-bedroom, two-bath home offers a unique opportunity for those looking to create their dream living space. While the property requires some updating, its foundational features and prime location make it an excellent investment. 31 Marvin has 2 bedrooms on the first floor and 2 on the second floor, bright living room, a kitchen outfitted with brand-new appliances and a full bath on each of the first two levels. The home boasts a large basement, offering ample storage space or the potential for a finished area to suit your needs, be it a recreation room, home gym, or additional living quarters. Outside, the property features a generous yard, ideal for gardening enthusiasts, outdoor entertaining, or simply enjoying the tranquility of this suburban oasis. Situated in a top-rated school district, this home is perfect for families seeking quality education for their children. Its location provides unparalleled convenience, with easy access to local shops, diverse dining options, and major highways, ensuring a smooth commute. Embrace the chance to customize this house to your personal taste while enjoying all the benefits of its excellent location and fundamental charm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017