3138 Lantern Bay 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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 1, 2025 | Listed by Orchard Brokerage | $267,000 | |
| Listed by Orchard Brokerage | |||
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Welcome to this charming Katy home featuring a formal dining room and a bright living room with a cozy corner fireplace. The modern kitchen offers bar seating and opens to the living space, creating a seamless flow for everyday living and entertaining. The primary suite provides a private retreat with dual sinks, a soaking tub, a walk-in shower, and a spacious walk-in closet. Upstairs, a loft and two additional bedrooms offer flexibility for family, guests, or hobbies.
Step outside to the fully fenced backyard with a small concrete patio, perfect for relaxing or casual gatherings. Situated in a convenient Katy location, this home provides easy access to local shopping, dining, and entertainment, as well as nearby parks and recreational areas. With its combination of comfort, functionality, and an inviting layout, this property is a wonderful opportunity to enjoy all that Katy living has to offer.
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| Oct 14, 2025 | Price Increased |
$267,000
↑ $19K
(7.7%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017