48 Arland Dr
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | Listed by RE/MAX Prof Associates | $399,900 | |
| Listed by RE/MAX Prof Associates | |||
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Meticulously kept home nestled behind beautiful landscape. Nothing to do but unpack! Windows, roof, siding, doors and porch addition completed in 2016. Main floor accommodates one bedroom, living room, dining room, natural stone full bath and kitchen with island. Upper floor situates two bedrooms and bath with heated tub. Its own oasis. Basement is partially finished with access to fenced in back yard. Beautiful landscape with irrigation system. Truly a MUST SEE!
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| Jul 30, 1997 | Sold | ||
| Sold | |||
| Dec 10, 1996 | Listed by RE/MAX Prof Associates | $79,900 | |
| Listed by RE/MAX Prof Associates | |||
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Address: 335 Madison Avenue, New York, NY 10017