5134 LANNIE Road
About This Property
This concrete block home is brimming with potential and ready for your personal touch! Nestled on 4.74 acres, this property offers plenty of space for outdoor living, recreation, and endless possibilities. Inside, original wood floors add timeless charm and character, creating the perfect foundation for a stunning country retreat with a little TLC.
Looking for extra space? This property includes two versatile outbuildings-ideal for storage, workshops, or creative ventures. Plus, as a special incentive, the seller is offering $5,000 in Flex Cash to use toward closing costs, updates, or whatever suits your needs!
Enjoy the peace of rural living while staying just a short drive from city conveniences. Don't miss this unique opportunity
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Feb 22, 2025 | Relisted | $359,000 | |
| Relisted | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Price Decreased |
$364,500
↓ $20K
(5.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017