401 Starlight 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 |
|---|---|---|---|
| Jun 21, 2021 | Sold | ||
| Sold | |||
| Jan 14, 2021 | Listed by Nada Homes | $385,000 | |
| Listed by Nada Homes | |||
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No HOA and plenty of elbow room on 1.0 acre with a large work shed-studio which includes two small rooms and a large work area. It currently functions as a photography studio. The home features open concept with connected living, kitchen and breakfast nook. The dining room is separate for formal gatherings. A bay window looking out over the back yard highlights the primary bedroom, with ensuite bath and walk in closet. Three other bedrooms are accessed through a separate hall, allowing privacy for the primary bedroom. With the current state of work and home life, this property offers the ability to separate the two in one location. This home is convenient to I30 near the new Buc-ee's and other shopping.
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About Royse City
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,850 /mo
- 2 Beds
- 1 Bath
- 1,152 ft²
$2,510 /mo
- 5 Beds
- 2 Baths
- 3,086 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017