3650 Norwich 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 |
|---|---|---|---|
| Jan 13, 2020 | No longer available | - | |
| No longer available | |||
| Nov 15, 2019 | Sold | ||
| Sold | |||
| Sep 16, 2019 | Listed | $719,000 | |
| Listed | |||
| | |||
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Amazingly updated home with 5 bedroom, 4 bath. Floorplan features master bedroom, guest suite and handsome study located downstairs while upstairs you will find a large game room, media room,3 additional bedrooms and 2 baths. The home features extensive hand scraped wood flooring, updated kitchen with white cabinets and pendant lighting, neutral custom paint and plantation shutters throughout. Large yard complete with outdoor oasis including covered patio, outdoor kitchen, outdoor fireplace and living area and saltwater swimming pool. Oversized driveway allows for extra play space and multiple options for cars to park. The manager has listed the unit size as 4712 square feet.
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| Aug 31, 2019 | Listed by Berkshire HathawayHS PenFed TX | $719,000 | |
| Listed by Berkshire HathawayHS PenFed TX | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017