5801 Bobbie Lane
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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 |
|---|---|---|---|
| Mar 24, 2020 | No longer available | - | |
| No longer available | |||
| Mar 11, 2020 | Sold | ||
| Sold | |||
| Jan 18, 2020 | Price Decreased |
$249,000
↓ $3K
(1.2%) | |
| Price Decreased | |||
| Dec 15, 2019 | Price Decreased |
$252,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Nov 27, 2019 | Listed | $257,000 | |
| Listed | |||
| | |||
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Beautiful corner lot home by the lake. Completely updated with an open floor plan. Fresh new paint and new laminate flooring throughout. Amenities include wet bar by living area, granite counters, spacious bedrooms, updated bathrooms, large utility room with sink, tons of storage, & so much more! This neighborhood backs up to the lake. Walking distance to elementary & middle schools. Centrally located with easy access to Route 66, I-30, & PGBT. Minutes from the highly anticipated Crystal Lagoon, Rockwall waterfront & shopping centers, & Firewheel Mall. Little to zero electric bills since the installation of solar panels. Solar panels 18K value are owned & to remain with the house. The manager has listed the unit size as 1819 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017