5 Iris 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%.
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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 |
|---|---|---|---|
| Sep 13, 2021 | Sold | ||
| Sold | |||
| Jun 2, 2021 | Listed by Coldwell Banker Hickok and Boardman | $445,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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A secluded neighborhood awaits in the heart of South Burlington, tucked behind Cairn's Arena & neighboring Wheeler Nature Park. Minutes to I-89 & all Downtown Burlington & Waterfront has to offer! Sellers have enjoyed the friendly community over the years. Executive style home has covered breezeway & yard is landscaped w/ easy-to-maintain perennials. Kitchen has newer appliances, backsplash & granite countertops. Bright & cheerful dining nook brings the feeling of being outside w/ many windows. Kitchen has pass through to formal dining area w/ a cozy gas fireplace, opening to a sunken living room. Sunlight floods in w/ an abundance of windows both in the front & back of the home. Primary bedroom is spacious w/ vaulted ceilings, walk-in closet & Ensuite bath. Basement has same footprint as 1st floor providing a full workshop as well as finished area offering an immense versatile space w/ carpet & decorative ceiling tiles. Backyard is fully fenced w/ a canopy of mature trees. Skip the mosquitos & enjoy the screened in porch opening to a concrete patio plumbed for your natural-gas grill. HOA keeps grounds tidy & offers trails, tennis courts, swimming pool, playground & a clubhouse. Cairn's Arena has an abundance of amenities & events; hockey rinks for team sports & public skating; pavilion & picnic area; athletic fields; band stage; & a local favorite, the annual SOBU Night out in the summer w/ 10+ Food Trucks & Live Music...all a stone's throw from home.
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| May 26, 2017 | Sold | ||
| Sold | |||
| Apr 5, 2017 | Listed by Rossi & Riina Real Estate | $345,000 | |
| Listed by Rossi & Riina Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017