45776 Michell 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 |
|---|---|---|---|
| Dec 7, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $299,900 | |
| Listed | |||
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Only property available in Park Madison! Known for the low tax area and NO HOA. Meticulous curb appeal in this pride of ownership development. Original one owner home. Mr.& Mrs. clean and tidy live here. Owners have updated and remodeled this home with tasteful and updated features with soft desert tones interior paint and 18 ceramic tile floors. Granite tile on eat-in kitchen counters open to large family room with spacious fireplace. Entrance is quite impressive with formal living and dining room adorned with high soaring ceiling's. Three large bedrooms all upstairs. Updated work includes replacing and updating lighting, baseboards, AC unit, water heater and installation of decorator glass privacy door. The property portrays much larger than noted as does the yard seem much larger than reported with newer synthetic turf in the back yard. Tranquil views of the canal directly behind the block wall. No back neighbors ever! 3 car finished garage. The manager has listed the unit size as 1973 square feet.
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| Jul 8, 2017 | Listed by HomeSmart | $294,900 | |
| Listed by HomeSmart | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017