55 W Olcott Lake Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 11, 2023 | Sold | ||
| Sold | |||
| Jan 12, 2023 | No longer available | - | |
| No longer available | |||
| Jan 12, 2023 | Listed by C-21 Affiliated - Jackson | $255,000 | |
| Listed by C-21 Affiliated - Jackson | |||
| Dec 7, 2022 | Price Decreased |
$260,000
↓ $15K
(5.5%) | |
| Price Decreased | |||
| Aug 10, 2022 | Listed by First Home Real Estate Inc | $275,000 | |
| Listed by First Home Real Estate Inc | |||
| | |||
|
Open House Saturday, Dec. 17th, 11 AM - 2 PM.Lake life on the high ground; Ranch-style home on Olcott Lake Drive. surrounded by nature on just over an acre. fantastic location Between Center Lake, Wolf Lake, and Olcott Lake. 3 bedrooms with the primary bedroom having two full private bathrooms on either side, one with a shower and the other with a soaking tub and a walk-through closet for plenty of storage. Open Kitchen with an island allowing plenty of prep space, excellent for entertaining. Past the deco glass feature, a sliding glass door walkout from the dining room into to the backyard deck provides a charming spot to check in with deer that stop by daily. Recent updates included a newer Air conditioning unit in 2021, Roofing in 2016, and a reverse Osmosis system installed in the kitchen sink and refrigerator.Seller to provide a whole home warranty. The manager has listed the unit size as 3920 square feet.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017