505 LAKEWAY Drive
About This Property
Two additional bedrooms of generous size and an office are also found convenient to the main living area (most taking advantage of that beautiful view!). The 2-car garage has added storage. Large laundry room off the kitchen. Did I mention curb appeal? Positioned off the road with a long paver drive and seasonal flower bed. This is a Patio Home and yard maintenance is provided for $155/month. You'll want to put this one at the top of your must see list!
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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 |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Feb 16, 2024 | Listed by Coldwell Banker Schmidt Family Of Companies | $725,000 | |
| Listed by Coldwell Banker Schmidt Family Of Companies | |||
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Get ready to be wowed by the view! This lake front beauty offers amazing sunset views across the lake with the choice of patio or screened lanai from which to enjoy it. Not only is there an eat in kitchen but also a large dining room. The family room offers a gas fireplace with French doors to the lanai. Just off the family room is an owners suite with two walk-in closets, garden tub in the bathroom along with double vanities and a walk in shower. Two additional bedrooms of generous size and an office are also found convenient to the main living area (most taking advantage of that beautiful view!). The 2 car garage has added storage. Large laundry room off the kitchen. Did I mention curb appeal? Positioned off the road with a long paver drive and seasonal flower bed. This is a Patio Home and maintenance is provided for $155/month. Youll want to put this one at the top of your must see list! The manager has listed the unit size as 2340 square feet.
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| Nov 3, 2023 | Listed by WATSON REALTY CORP | $725,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017