5314 Ursula 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.
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 |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Feb 5, 2020 | Listed by Dave Perry Miller Real Estate | $1,795,000 | |
| Listed by Dave Perry Miller Real Estate | |||
| | |||
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Compelling opportunity to purchase 1.1 acres in the middle of the block with mature trees on one of the most coveted streets in Lobello Estates of Preston Hollow. The approx. 9,876 sq ft home was affected by the tornado and is being offered as is. Recent improvements include the pool and spa built by Pool Environments in 2015. Additional 1,132 sq ft flex space is above the 4-car garage. The home offers five bedrooms, six full and two half baths. Most rooms have been taking down to the studs, so this will need to be a cash purchase or construction financing. Priced near the most recent post-tornado land comp, this unique situation will have a broad appeal for remodelers or those wanting a platinum building site.
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| Oct 10, 2019 | Sold | ||
| Sold | |||
| May 16, 2019 | Listed by Dave Perry Miller Real Estate | $2,395,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017