648 Miller Lane
About This Property
Enjoy a private fenced backyard- sliding doors off of eating area to large patio for outdoor gatherings or gardening. Finished basement with bedroom and full bath, attached garage with storage and storage shed. Easy access to local parks, river access, schools, downtown and the beautiful Lake Michigan shoreline. See link to 3d virtual tour.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Price Decreased |
$328,900
↓ $9K
(2.7%) | |
| Price Decreased | |||
| Oct 18, 2024 | Listed by @properties Christie's International R.E. | $338,000 | |
| Listed by @properties Christie's International R.E. | |||
| May 4, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017