5109 Banyan Lane
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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.
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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 |
|---|---|---|---|
| Dec 28, 2022 | No longer available | - | |
| No longer available | |||
| Nov 9, 2022 | Listed by Lapeyre Realty Inc | $699,000 | |
| Listed by Lapeyre Realty Inc | |||
| | |||
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Redone Like New High end Construction. House has new roof, ac, impact windows, doors, porcelain flooring, new pvc plumbing, new electrical, new tankless water heater, new bathrooms, new kitchen, new sheetrock, new driveway extended, new exterior redone stucco, fascia and exterior design. 500 SQ Ft legally added. 2 Owner Suites, 3 bedroom, 3 bathroom plus den, 15 ft Storage Room, and office with separate entrance. Easy to make it a 4 or 5 bedroom. You have amazing lake and green views from your social area including kitchen. Bathroom features a soaking tub and walk through shower. 15 FT Custom closet and suite is XL at 19 Ft long. Second owner suite is large as well. The third bathroom has a jacuzzi tub. Bedrooms are triple split for maximum privacy. 1.5 Car Garage fits car & Motorcycle. The manager has listed the unit size as 2787 square feet.
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| Nov 6, 2022 | No longer available | - | |
| No longer available | |||
| Nov 2, 2022 | Price Decreased |
$699,000
↓ $51K
(6.8%) | |
| Price Decreased | |||
| Oct 29, 2022 | Relisted | $750,000 | |
| Relisted | |||
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About Tamarac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017