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408 A LANE
About This Property
There is more than one strategy that will provide a favorable return. If you're looking for a buy, rehab, rent, and refi, or a possible light flip, this one has you covered. Picture this home with new windows, appliances, a finished bathroom, and some paint touch-ups, and you're ready to go. Reach out to scheduel your private showing.
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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 7, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Listed by EQUITYPRO LLC | $129,900 | |
| Listed by EQUITYPRO LLC | |||
| | |||
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Here's your next investment opportunity with a low entry point. The majority of the rehab has already been completed, making this investment property a solid buy for a quick flip or a long-term buy and hold. This 3-bedroom, 1-bathroom home also features LVP flooring, granite counters, and a re-roof completed in 2018. Furthermore, it's on city sewer and water, and the A/C appears to be in good shape.
There is more than one strategy that will provide a favorable return. If you're looking for a buy, rehab, rent, and refi, or a possible light flip, this one has you covered. Picture this home with new windows, appliances, a finished bathroom, and some paint touch-ups, and you're ready to go. Reach out to scheduel your private showing.
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| Jun 30, 2021 | Sold | ||
| Sold | |||
| May 22, 2021 | Listed by EQUITYPRO LLC | $100,000 | |
| Listed by EQUITYPRO LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017