38 Lakes Road
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 |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by eXp Realty | $649,000 | |
| Listed by eXp Realty | |||
| | |||
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Welcome to this completely renovated Bi-Level home in the picturesque town of Monroe. The double door entrance leads into the foyer with crystal style chandelier, classy tiles and brand new banisters. The main living are with newly refinished espresso flooring throughout, recess lighting in every room, fireplace and an open conceptional design. The kitchen is elegantly done leading into the dining area with brand new patio doors and back yard. The primary suite has a full bathroom and a walk-in closet. Enter the lower level and enjoy the additional room for entertainment or anything your heart desires. There is an additional bedroom and a bonus room for whatever you like. There is a two car garage and a door to access outside on this level as well. The home has new plumbing, new electric, recess lighting throughout the entire home, brand new paved driveway, new windows, new roof, new garage doors, and large front yard. There is nothing left to do but turn the key and move in.
| |||
| Apr 25, 2024 | Listed by eXp Realty | $649,000 | |
| Listed by eXp Realty | |||
| Mar 2, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017