40 Appletree 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 |
|---|---|---|---|
| Oct 31, 2018 | Sold | ||
| Sold | |||
| Oct 7, 2018 | No longer available | - | |
| No longer available | |||
| Sep 22, 2018 | Price Decreased |
$350,000
↓ $25K
(6.5%) | |
| Price Decreased | |||
| Aug 21, 2018 | Price Increased |
$374,500
↑ $25K
(7%) | |
| Price Increased | |||
| Aug 14, 2018 | Listed | $350,000 | |
| Listed | |||
| | |||
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Fabulous price on this 4 bedroom ranch in the desirable Lakeridge Community. The home backs up to the wooded ravine for privacy! Home features large eat-in kitchen and family room. Wood parquet floors in the living room/dining room, family room and 1 bedroom. 4th bedroom wall is open with sliding doors & can be used as an office or den. NYC Bus on RT 516. Matawan train is minutes away. The Lakeridge Community features a community pool, tennis & basketball courts, playground and youth swim team. Fabulous community. Come and make this your home!
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017