4027 Azure Lane
About This Property
Nestled on an oversized lot, this beautiful, open concept Addison home offers 2,580 square feet of luxurious living. With extensive upgrades and remodels in 2021 and 2022 on the main floor including, all new wide plank flooring, full kitchen remodel with new SS appliances and stunning new quartz countertops. High ceilings and a spacious Den-4th bedroom, formal living-dining are all thoughtfully designed. Relax in your new covered outdoor living room complete with a built in grill and dual refrigerators. Fenced in pool with new plaster and new pool equipment make this outdoor oasis a one of a kind. Upstairs boasts 3 large bedrooms with an oversized primary suite with his and her closets. This light and bright home won't last long!
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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, 2022 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by Live Local, LLC | $649,000 | |
| Listed by Live Local, LLC | |||
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About Addison
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017