3968 Lane Rd
About This Property
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 18, 2024 | Sold | $115,000 | |
Sold | |||
Mar 5, 2024 | In contract | - | |
In contract | |||
Feb 16, 2024 | Price Decreased |
$135,000
↓ $15K
(9.9%) | |
Price Decreased | |||
Aug 22, 2023 | Listed by Land of Lakes Realty, Inc. | $149,900 | |
Listed by Land of Lakes Realty, Inc. | |||
Sep 17, 2015 | Sold to Home Loan Mortgage Corporat... | $55,514 | |
Sold to Home Loan Mortgage Corporat... |