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4107 Sally Lane
About This Property
This is the perfect permaculture paradise (sustainable food production) with bananas, sugar cane, moringa, beauty berry, Everglades tomatoes & medicinal plants hiding in plain sight. The house is a 1957 Dade County Pine structure (read up on Dade County Pine if you don't know what that means, it is kinda like concrete, but wood!) with hidden spaces that have a bit of country feel, but are pleasant on the eyes.
The backyard and front entrance way has green slate (quartz like stone) as a pathway with a 30x15 coquina block open patio. There are stone walkways on both sides of the property. The parking area is now recycled asphalt (2018). Literally tons of soil was produced on the property over the past 8 years. Started with sand and now the soil is rich with mushrooms and all kinds of yummy lovely plants.
Cul-de sac type of setup where very few if any cars go by. Very private.
Registered as a Certified Wildlife habitat with the National Wildlife Federation.
There are SOME double pane storm windows. And the mother in law suite is actually the shed, so it is only if you want her to not stay very long. (there is no bathroom in the shed area)
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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 22, 2022 | Sold | ||
| Sold | |||
| Sep 13, 2021 | Listed by Keller Williams Realty - Wellington | $325,000 | |
| Listed by Keller Williams Realty - Wellington | |||
| Dec 31, 2013 | Sold | ||
| Sold | |||
| Jun 4, 2013 | Listed by Keller Williams Realty - Wellington | $65,900 | |
| Listed by Keller Williams Realty - Wellington | |||
Property Highlights
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About Lakewood Gardens North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017