540 ERMA Road
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 |
|---|---|---|---|
| Sep 18, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Aug 13, 2024 | Listed by Coldwell Banker Real Estate Group | $189,900 | |
| Listed by Coldwell Banker Real Estate Group | |||
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Cozy Weekender or Downsizer Retreat in Lake Holiday! Escape to your perfect getaway! This delightful 2-bedroom, 1-bathroom home is ideal for weekend escapes or downsizing to a simpler, more relaxed lifestyle. Nestled in the serene community of Lake Holiday in a picturesque setting! Just a short 1 block stroll to the lake. Roof was just replaced in May 2023! Water heater and deck replaced just 3 years ago! Original Hardwood floors in living room and hallway. Hardwood floors may be under the carpet in the bedrooms, too. All appliances including washer and dryer will stay. You will love the massive deck, with solar lights to enjoy your beautiful backyard! There is also a hook-up already in place for a hot-tub to be installed. Plenty of room to build a garage. Lake Holiday has so much to offer including boating, water skiing, fishing, skate park, dog park, beaches, swimming, clubs, and more.
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| May 15, 2007 | Sold | ||
| Sold | |||
| Feb 10, 2007 | Listed by Kettley & Company Realtors, In | $146,900 | |
| Listed by Kettley & Company Realtors, In | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017