7175 Longmeadow 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%.
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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 6, 2024 | Sold | ||
| Sold | |||
| Oct 19, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Epic Real Estate Group | $370,000 | |
| Listed by Epic Real Estate Group | |||
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 18, 2022 | Listed by Berkshire Hathaway HomeServices Chicago | $220,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
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Fantastic lot on Cul-de-sac. Home needs work, but has alot of potential. Carpeting has already been removed. Seems like a solid home, but no representation made as to whether mechanicals and appliances are in working order. Attached 2 car garage. Fenced yard. Home has tons of potential if remodelled and at this price point it is a great buy. Schaumburg School District. Small creek behing property, but house sits at a high level. Property under Guardianship and will be sold As Is. Court approval required, however usually only a 7-10 day process.
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About Hanover Park
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Currently no similar homes aroundNearby Rentals
$2,800 /mo
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$2,450 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017