423 Biscayne Boulevard
About This Property
Enjoy cozy evenings by the wood-burning fireplace or step outside to your peaceful backyard oasis. A stone path leads to a lovely deck and a covered patio, perfect for outdoor gatherings and relaxation.
This home boasts high ceilings and a walk-in primary closet, offering both style and functionality. With a detached garage and its ideal location between Taylor Lake and Clear Lake, you'll have easy access to recreational activities and serene lake views.
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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 30, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Price Decreased |
$289,890
↓ $25K
(8%) | |
| Price Decreased | |||
| Oct 29, 2024 | Price Decreased |
$315,000
↓ $20K
(6%) | |
| Price Decreased | |||
| Sep 28, 2024 | Price Increased |
$335,000
↑ $45K
(15.6%) | |
| Price Increased | |||
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About El Lago
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Last Updated: 5 months ago
Data Source: HAR , MLS# 21962336
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017