5887 LEE RD
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 |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed by EXP Realty, LLC | $550,000 | |
| Listed by EXP Realty, LLC | |||
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Indulge in executive-style living within this beautifully refinished ranch home situated on 6 acres of private tranquility, yet close to conveniences! Crafted by M.R Builders, this home showcases a grand design with 13ft cathedral ceilings, a whole house radiant heat system & an array of energy-efficient features. Impeccable craftsmanship is evident throughout, with quality finishes and meticulously maintained. The home boasts numerous upgrades, including a second Primary Suite, two gas fireplaces & a whole house RO water filter. Luxurious comfort is ensured with two-zone hydronic heated floors in bathrooms, kitchen, laundry & the entire lower level. The walk-out lower level includes 9ft ceilings, wet bar, fireplace, 2nd suite, space optimal for entertaining and xtra large workshop!
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| Sep 6, 2023 | Sold | ||
| Sold | |||
| Aug 10, 2023 | Listed by The Brokerage House | $545,000 | |
| Listed by The Brokerage House | |||
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Beautifully refinished this elegant 4200 sq ft Ranch home set on 6 acres offers Executive-style living in a private and tranquil setting. High end construction by MR Builder showcases 13ft cathedral ceilings, energy efficiency, and quality finishes throughout. Meticulously maintained you will come to appreciate the home's many upgrades including a second Primary Suite, two gas fireplaces, whole house RO water filter, two zone hydronic heated floors in bathrooms, kitchen, laundry, and the entire lower level, plus much much more! Walk-out lower level offers 9ft ceilings, optimal entertaining space, and an extra-large workshop. An easy commute to Ann Arbor and just minutes from the Center Lake chain, come see why this home provides the perfect balance of relaxation and refinement.
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| Jul 30, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017