64 Patrick Drive
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 |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 29, 2024 | Listed by Cross Keys Real Estate LLC | $264,500 | |
| Listed by Cross Keys Real Estate LLC | |||
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Private 1 bed, 1 full bath cottage with 175' of Black Lake waterfrontage. Upon entering the screened in porch you will be greeted by vaulted ceilings and a shared kitchen, living and dining area with a full bathroom with a stand up shower. There is a large bedroom with a picture window overlooking the lake. A large closet off the bedroom allows for extra storage and a laundry area. The cottage is being sold furnished with the appliances as well as the washer and dryer. There is a camper on the upper lot that will convey with the sale as well.
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| Dec 4, 2018 | No longer available | - | |
| No longer available | |||
| Aug 11, 2018 | Listed by Heart Homes Real Estate | $148,000 | |
| Listed by Heart Homes Real Estate | |||
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Totally turn key cottage on beautiful Black Lake. Dock included. Great water views. Furnished. Gorgeous sunrise views. Great water depth at the dock. 175' prime waterfront. Black Lake is over 21 miles long and is known for superior fishing and boating. Trailer by road for sale for $5,000. The manager has listed the unit size as 560 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017