3640 Mitchell Lake Drive
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 |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Aug 8, 2024 | Listed by EXP Realty LLC | $539,999 | |
| Listed by EXP Realty LLC | |||
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Nov 4, 2022 | Listed by HomeSmart | $449,900 | |
| Listed by HomeSmart | |||
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GORGEOUS NEW CONSTRUCTION UNDERWAY! BOUTIQUE BUILDER AND HIS INTERIOR DESIGNER WIFE ALWAYS BUILD WITH INTEGRITY! STYLISH SELECTIONS, PRIVATE LAKE ACCESS, LOCATED IN A QUIET NEIGHBORHOOD, 5 MINUTES FROM HISTORIC DOWNTOWN GAINESVILLE, CLOSE TO LAKE LANIER, SHOPPING, DINING & NORTH HALL SCHOOLS!!. LEVEL, OPEN FLOOR PLAN, 2 CAR GARAGE, CHEF INSPIRED KITCHEN, WALK-IN PANTRY, LARGE PREP ISLAND, WINE FRIDGE, QUARTZ COUNTERTOPS, WIDE PLANK HARDWOODS. SPLIT BEDROOM FLOOR PLAN. PRIVATE MASTER SUITE, TRAY CEILINGS, LARGE MASTER BATH WITH WALK IN SHOWER, SOAKING TUB AND HUGE WALK IN CLOSET. HOME SITS ON NEARLY 3/4 ACRE. CHECK OUT THE COMPLETED NEW CONSTRUCTION AT 3636 MITCHELL LAKE THAT JUST SOLD, TO GET A FEEL FOR THE BUILDER'S AESTHETIC. ESTIMATED COMPLETION IS THE BEGINNING OF FEBRUARY. LOCK IN A GREAT RATE NOW WITH OUR PREFERRED LENDERS WITH ONE INTEREST RATE BUY DOWN AND A CREDIT TO YOUR CLOSING COSTS!!
FLOOR PLANS AND SPECS ONLINE. Property is in construction. Buyer with agents will be able to tour the home on March 1st. Estimated completion mid to end of April 2023
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017