7052 Terra Lane
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 |
|---|---|---|---|
| Aug 31, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | Listed by HomeSmart | $313,000 | |
| Listed by HomeSmart | |||
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Introducing the gorgeous Mahogany Floor Plan at Terra Estates! This 1-year-old home offers 3 beds, 2 baths, and an extended covered patio. Enjoy the modern kitchen with gloss white backsplash, 42" linen cabinets, granite countertops, stainless steel sink and fridge. The primary suite features a bay window, double sinks, separate tub & shower, and an oversized walk-in closet. Complete with full sod, sprinkler system, and garage door opener. Don't wait to build, move right in and embrace the exceptional living experience this home provides!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017