712 Lookout Trail
About This Property
Each bathroom has been thoughtfully remodeled, with the primary bathroom expanded to include a double sink vanity with a sleek LED mirror and modern matte black fixtures. The second bathroom features updated tile, a new standing shower, and matching black fixtures. Both bathrooms exude style and functionality. Additional updates include new doors and black hardware throughout, dimmable recessed lighting in the living areas and primary bedroom, and a modular closet system in the generous 12x5 walk-in closet. Freshly painted walls, ceilings, ands new modern baseboards installed provide a clean, inviting atmosphere. Outside, the property includes a drywalled garage with a newly installed attic pull-down ladder and has been treated for termites. The foundation and all the underneath plumbing sewer system has been replaced, and includes a foundation and plumbing lifetime transferable warranty ensuring confidence the structure will be hassle free in the future. 3D tour available online!
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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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 25, 2024 | Price Decreased |
$364,900
↓ $4K
(1.1%) | |
| Price Decreased | |||
| Dec 3, 2024 | Price Decreased |
$369,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Nov 4, 2024 | Listed by Redfin Corporation | $375,000 | |
| Listed by Redfin Corporation | |||
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About Clearview
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$2,400 /mo
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- 2,072 ft²
$2,500 /mo
- 4 Beds
- 3 Baths
- 1,948 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017