55 Gates Drive
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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Listed by Houlihan Lawrence Inc. | $435,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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YOUR NEW HOME is here! An incredibly-cared-for gem perfectly situated across from Putnam Lake w/ great seasonal views. This two-bedroom (lives like a four) with 3 bathrooms comes equipped with many bells-and-whistles to enhance your home experience. The wonderful natural light & vibe throughout the interior features an updated eat-in-kitchen, a separate primary bedroom on its own wing (with more views of the lake), a Jack-n-Jill bath on the main floor and accented with crown molding, recessed lighting, skylights, stainless steel appliances & more. There's a separate private studio perfect quiet time, office space, etc. Bonus: a circular driveway that could fit up to 10-12 vehicles (plus garage). Want to feel stress-free with the mechanics of your new home? The current seller has been very proactive with maintaining and updating the furnace, full water treatment/filtration system, central VAC, above-ground oil tank (330 gal), new vinyl flooring etc. Put Lake has numerous beach areas.
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| Apr 11, 2013 | Sold | ||
| Sold | |||
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