405 Lorne Lane
About This Property
Level acre of land, showcasing privacy and bedroom on main level
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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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | Listed by JustHomesGroup | $480,000 | |
| Listed by JustHomesGroup | |||
| Oct 15, 2021 | No longer available | - | |
| No longer available | |||
| Oct 14, 2021 | Listed by Realty Executives Associates | $350,000 | |
| Listed by Realty Executives Associates | |||
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Move in ready, Mountain Views, level lot, vaulted ceilings, formal dining room with trey ceiling, separated garage entry, new privacy fence, oversized bedrooms, custom closet in main bedroom, work out room, office space, soaking tub. air ducts cleaned and sterilized in 2021, new outdoor lighting, vapor barrier installed 2020, septic pumped and riser installed 2019, hvac in attic new in 2020, insulation added 2020, hvac outside 2019, painted 2020, new built in blinds for new doors 2020, new toilets, new garage lighting, fence installed 2020 and new carpet 2021. The manager has listed the unit size as 3120 square feet.
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| May 15, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017