5025 Lake Road #1
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 13, 2023 | Sold | $123,000 | |
Sold | |||
Oct 5, 2023 | In contract | - | |
In contract | |||
Sep 26, 2023 | Listed by Cornerstone Realty Associates | $99,900 | |
Listed by Cornerstone Realty Associates |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/04/2024
|
2 Bed
|
1 Bath
|
-
|
$99,900
2 Bed
1 Bath
|
$140,500
+40.64%
05/23/2024
|
-
|
Raymond Cino
Cornerstone Realty Associates
|
|
09/26/2023
|
1 Bed
|
1 Bath
|
-
|
$99,900
1 Bed
1 Bath
|
$123,000
+23.12%
10/13/2023
|
-
|
Raymond Cino
Cornerstone Realty Associates
|
|
07/07/2023
|
|
1 Bed
|
1 Bath
|
-
|
$150,000
1 Bed
1 Bath
|
$100,000
-33.33%
10/05/2023
|
-
|
Angel Harrison
Howard Hanna
|
10/03/2022
|
2 Bed
|
1 Bath
|
-
|
$99,000
2 Bed
1 Bath
|
$99,000
11/09/2022
|
-
|
Darlene Maimone
Howard Hanna
|
|
08/19/2022
|
|
2 Bed
|
1 Bath
|
900 ft²
|
$50,000
2 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Melinda M. Sents
Dixon & Carr Realty
|
06/29/2019
|
|
1 Bed
|
1 Bath
|
900 ft²
|
$50,000
1 Bed
1 Bath
900 ft²
|
-
-
|
-
|
-
|