615 Community 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 |
|---|---|---|---|
| Dec 28, 2023 | Sold | ||
| Sold | |||
| Jul 14, 2023 | Listed by Coldwell Banker Realty | $424,500 | |
| Listed by Coldwell Banker Realty | |||
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Seeking the perfect home of distinction? Look no further than The Standard, a premier 55+ Community in Rockwall. Conveniently situated near Shopping and Dining, it offers meticulously designed floorplans with an inclusive monthly HOA covering lawn care. The Victory beckons, boasting a gourmet kitchen with quartz countertops, Stainless Appliances, a gas range, and ample cabinetry. The Living and Dining Room, graced with vigas, invites cherished gatherings. Retreat to the Master Suite, adorned with a trayed ceiling and bath with dual sinks and an oversized walk-in shower, and a spacious closet. Two more bedrooms, one ideal for a home office, await. A 2 Car Garage, Covered Patio, and refined Wrought Iron Fencing complete this elegant home. Discover a testament to quality and sophistication at The Standard, where life's chapters unfold in style. Come experience it for yourself.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017