407 Lake Falls Boulevard
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 |
|---|---|---|---|
| Jan 4, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2023 | Listed by eXp Realty,LLC-Maho | $699,900 | |
| Listed by eXp Realty,LLC-Maho | |||
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Coming to you in the sought out Lake Falls Subdivision of Savoy, IL you won't want to miss this Rustic, modern farmhouse that feels brand new! Built in 2021, you will walk into this home and think it was just completed yesterday! Featuring 6 bedrooms, 4 Bathrooms, and an oversized 3 Car garage, this beautiful home has all the space and privacy the next owner will enjoy. Throughout the home you will find warm colors, black fixtures, and light hardwood floors that sets the comfort of this home right away. As you enter this property, the first floor features an office, dining room, living room with a gas fireplace, and an eat-in area kitchen! The kitchen features white quartz counters, subway tile backsplash, stainless steel appliances, along with painted and natural hickory cabinets. The second floor features 4 bedrooms including the master en-suite including custom tile shower and walk in closet. The second floor also includes the laundry room. Spend time in the daylight basement which includes two additional bedrooms, bathroom, and living space with a full kitchenette. Enjoy your mornings and free time with total privacy in the backyard with outdoor fire pit, porch, and mature landscaping. This lot will not disappoint! The garage features a 3rd overhead door to the backyard including floor drain, storage, and utility sink. It's also plumbed for gas heat! An Irrigation system is also installed. The owners themselves have added many updates including a metal fence for your pets and kids, Exterior lighting, professional landscaping, firepit, improvements to patio, and planting of many trees for additional privacy. Hardwood flooring was added throughout the second floor along with black shutters to the outside of the property to give the home that extra pop! Don't miss this one!
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| Jun 29, 2022 | Sold | ||
| Sold | |||
| May 2, 2022 | Listed by Coldwell Banker R.E. Group | $662,000 | |
| Listed by Coldwell Banker R.E. Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017