56 Lake Lorraine Circle
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 13, 2024 | No longer available | - | |
| No longer available | |||
| Jun 12, 2024 | Price Decreased |
$499,000
↓ $10K
(2%) | |
| Price Decreased | |||
| May 19, 2024 | Listed by The Sheridan Network | $509,000 | |
| Listed by The Sheridan Network | |||
| | |||
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Beautifully updated Shalimar home in the coveted Lake Lorraine Estates neighborhood! Large corner lot with fully fenced backyard. Most recent update is the 2021 full kitchen reno and oversized paver driveway with lots of parking space. Storage abounds with a 2.5 car garage and 10x12 (new 2021) garden shed. Large bedrooms with 4th bedroom that can be utilized as a great home office space. Laundry/mud room with backyard access, half bath, utility sink, and plenty of cupboard space. Tankless gas hotwater heater was added in 2022. Gorgeous working gas fire place to cozy up to on cool winter days. This home is conveniently located only 10 minutes to Eglin AFB, 20 minutes to Hurlbert, and 15 minutes to white sandy beaches. The manager has listed the unit size as 2300 square feet.
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| Oct 3, 2014 | Sold | ||
| Sold | |||
| Jun 1, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017