351 Lancaster Ct
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Cap Rate Calculator
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 |
---|---|---|---|
Jun 14, 2024 | Sold | ||
Sold | |||
Apr 11, 2024 | In contract | - | |
In contract | |||
Nov 5, 2020 | Sold to Jie Wu | ||
Sold to Jie Wu | |||
Jul 28, 2020 | Listed by RE/MAX CLASSIC GROUP | $215,000 | |
Listed by RE/MAX CLASSIC GROUP | |||
May 4, 2005 | Sold to Dyane Mclaurin | ||
Sold to Dyane Mclaurin |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/01/2024
|
2 Bed
|
1 Bath
|
-
|
$289,900
2 Bed
1 Bath
|
$331,500
+14.35%
06/14/2024
|
-
|
MICHAEL DOLAN
RE/MAX CLASSIC GROUP
| |
07/28/2020
| |
2 Bed
|
1 Bath
|
-
|
$215,000
2 Bed
1 Bath
|
$200,000
-6.98%
10/27/2020
|
-
|
Cynthia Lubin
Compass New Jersey, LLC-Montclair
|
11/30/-0001
| |
2 Bed
|
1 Bath
|
-
|
$289,900
2 Bed
1 Bath
|
$331,500
+14.35%
06/14/2024
|
-
|
MICHAEL DOLAN
RE/MAX CLASSIC GROUP
|
Building Info
