5502 Glenmere Lane
About This Property
Very clean four bedroom, two and a half bath, recently resurfaced/tiled pool and three car garage. Approximate ages: Roof 7, all plumbing replaced with Pex 9, fixtures replaced at that time, Condenser, coil, blower and air handler 7, Siding/outside paint 4, Toilets 3, dishwasher, oven and garbage disposal 2. Big corner lot with large flower beds. Manual sprinklers in front, six zones. Underground drain from back porch area to the street. Driveway lights on photocell. Backyard oasis very low maintenance with rock and flagstone. Quality trees in front; two Burr oaks, two Mexican oaks, Texas red Maple, Magnolias. All Segos came from Mother tree at back porch.
Showings start at Open House, Saturday 1:00-4:00
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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 |
|---|---|---|---|
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Nov 1, 2022 | Listed by BHGRE Gary Greene | $359,900 | |
| Listed by BHGRE Gary Greene | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017