396 Alexander Lane
About This Property
Outdoor amenities enhance the property's appeal, including a screened-in porch perfect for enjoying serene mornings and evenings without the intrusion of pests. A refreshing swimming pool, complete with a waterfall feature, offers a private oasis for relaxation. For hobbyists and professionals alike, a dedicated workshop equipped with a chain hoist and electricity is available. Front and side carports provide ample parking space for vehicles and equipment, while an in-ground storm shelter ensures safety during inclement weather.
Situated on a 1.55-acre lot, this property offers the tranquility of rural living while being just minutes away from I-30, providing quick access to city amenities. This home embodies the perfect balance between peaceful country life and modern conveniences. Don't miss the opportunity to make this exceptional property your own.
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | No longer available | - | |
| No longer available | |||
| Feb 5, 2026 | Listed by Ebby Halliday, REALTORS | $599,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| Dec 19, 2025 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017