409 Echo 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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 9, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Listed by Premier Property Group | $339,900 | |
| Listed by Premier Property Group | |||
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This exceptional home features 3 spacious bedrooms, 2.5 modern bathrooms, and a 2-car garage, all beautifully situated on a desirable corner lot within the gated Memorial Point Community. Thoughtfully designed for both comfort and style, the residence welcomes you into a cozy living room, complete with a warm fireplace and soaring vaulted ceilings. At the heart of the home lies a chef-inspired kitchen, showcasing crisp white cabinetry, elegant quartz countertops, and sleek stainless steel appliances. The generously sized island serves as an ideal space for casual meals or lively gatherings. Enjoy your mornings and evenings on the covered front porch, where you can take in the breathtaking views of the lake. Memorial Point offers an array of amenities, including a private boat launch, paved roads, a tennis court, a playground, a private pool, and much more. Whether you are seeking a permanent residence or a weekend retreat, this property checks all the boxes. Come check it out!
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| Oct 3, 2024 | No longer available | - | |
| No longer available | |||
| Sep 25, 2024 | Relisted | $339,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017