685 Lakes Road
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 |
|---|---|---|---|
| Dec 5, 2018 | Sold | ||
| Sold | |||
| Oct 15, 2018 | Sold | ||
| Sold | |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
| Aug 2, 2018 | Listed | $181,500 | |
| Listed | |||
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Set back from the road behind a tree-line is where you will find this "not your everyday" ranch/raised ranch style home. The main living level offers a very spacious living/dining room combination, galley style kitchem, 3 bedrooms and a large full bath with laundry hook-ups. There is a double-tiered deck at the rear of the house for access. The lower level is unfinished and has it's own separate entrance in the front. Ample parking is available on this approximately 1 acre lot. The main level is in need of some repairs/cosmetics but the property offers lots of potential for the right buyer The manager has listed the unit size as 1008 square feet.
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| Jul 6, 2018 | Listed by John J Lease REALTORS Inc | $181,500 | |
| Listed by John J Lease REALTORS Inc | |||
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Address: 335 Madison Avenue, New York, NY 10017