345 Meridian 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 11, 2025 | No longer available | - | |
| No longer available | |||
| Jul 10, 2025 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Mar 21, 2025 | Listed by Watters International Realty | $430,000 | |
| Listed by Watters International Realty | |||
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Our homeowner wants to make your buyer's dream come true! Additional benefits our seller can offer to your buyer are: assumable Mortgage at 5% or less interest rate, willing to contribute towards buyer's closing cost, willing to contribute towards buyer's rate buydown and/or down payment assistance loan. You can find out the specifics by reaching out to the listing agent. This manufactured home boasts 3 bedrooms and 2 full baths, featuring stylish laminate flooring throughout and an inviting open floor plan. The spacious primary suite offers a luxurious ensuite bath. Nestled on over 8 acres, this property includes a well-equipped shed, sheep shed, and chicken coops, all secured by a chain-link fence and an electric gate. Experience the freedom of rural country living with no restrictions—this is the lifestyle you've been looking for!
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| Sep 9, 2022 | No longer available | - | |
| No longer available | |||
| Sep 8, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017