5046 Bay 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 |
|---|---|---|---|
| Apr 20, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | Listed by Fathom Realty | $245,000 | |
| Listed by Fathom Realty | |||
| Aug 28, 2020 | Sold | ||
| Sold | |||
| Jul 30, 2020 | Listed by Walzel Properties | $214,900 | |
| Listed by Walzel Properties | |||
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Relax and settle down by the Bay! Come see this well maintained 3 bedroom single-story, luxury home with study on a corner lot. This open floor plan boasts high ceilings with a spacious living room with many windows that yield natural lighting. The large and lovely kitchen features laminate wood flooring, an island and upgraded espresso cabinetry. This home also features a covered patio opening up to a spacious backyard with extra storage in a large shed with plenty of space for family fun! Only minutes from Kemah Boardwalk, new area park & plentiful food & shopping options!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017