3225 Granite Gate Lane
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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%.
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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 |
|---|---|---|---|
| Nov 8, 2023 | Sold | ||
| Sold | |||
| Aug 2, 2023 | Listed by CB&A, Realtors- Southeast | $285,000 | |
| Listed by CB&A, Realtors- Southeast | |||
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This move-in-ready DR Horton home offers 3-bedrooms, 2 baths, a home office/study & a big backyard w/ no back neighbor! Recent landscaping & a covered front porch will reel you in. The open floor plan is accented by 10-ft ceilings. The front study could serve as a formal dining or flex room. The island kitchen w/plentiful cabinets & hands-free faucet overlooks the dining & family rooms. You'll have over 1,750 generous square feet to move about, without losing the cozy, fireplace atmosphere in the family room. Your bedroom sits privately at the back w/ double sinks, a walk-in closet & soaking tub w/ separate shower. Two more bedrooms, a full bath & laundry room are centrally-located. The covered back patio & large backyard create the perfect evening hangout. Energy updates include dbl-pane windows & radiant barrier in attic. Epoxy floors in the garage. Storage building stays. Walking/Biking distance to the community pool & playground! Per seller - home did not flood during Harvey.
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About Bay Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017