5 Stratford Drive
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 |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | Listed by Keller Williams Realty-Metropolitan | $350,000 | |
| Listed by Keller Williams Realty-Metropolitan | |||
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There’s lake life, and then there’s 5 Stratford Drive in the coveted Locke Lake Colony. This gorgeous 2 bed, 1 bath raised ranch combines a sleek modern interior design with a houseful of highly desirable upgrades including an automatic whole house generator, an on-demand water heater (both installed in 2022), new washer/dryer, refrigerator, and ceiling fans; newer furnace in 2021 and Pinterest-worthy kitchen, bathroom and hardware upgrades. The amenities don’t stop there; this .35 acre lot includes a shed, neatly contained in your fenced-in backyard. Light dances freely through the open-concept upper level, lending a sense of airy spaciousness to the entire floor. Downstairs, discover a sleek and stylish finished area reminiscent of Art Deco glamour – use to entertain, set up that home office, or use as a third bedroom! Most Association fees don’t include much, but not so with Locke Lake Colony! Their fee is not only reasonable, it grants access to both Halfmoon and Locke Lakes, the community lodge, multiple beaches, boat launch, two pools, golf, tennis & basketball courts, baseball field, and a Pavilion for those summer events! You do not want to miss this piece of paradise, schedule your showing today!
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| Oct 18, 2022 | Sold | ||
| Sold | |||
| Aug 20, 2022 | Listed by BobbyVan Realty | $319,900 | |
| Listed by BobbyVan Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017