5606 LANSING DRIVE
About This Property
Beautifully updated home featuring hardwood floors throughout the upper level, with durable LVP waterproof flooring on the lower level. The modern kitchen boasts a stunning 42" Lordear drop in sink, sleek quartz countertops, GE appliances, and pedant lights for a clean, contemporary look. There is a second kitchen downstairs for family and guests. Gas fireplace upstairs with wood burning downstairs. HVAC system and 30-year Timberline roof shingles replaced in 2024. Close to Washington DC, 495 Beltway, main shopping centers and restaurants. This home blends quality finishes with timeless style-move-in ready and built to last.
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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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2025 | Relisted | $559,900 | |
| Relisted | |||
| Aug 15, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Price Decreased |
$559,900
↓ $15K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017