721 Mayfair 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 |
|---|---|---|---|
| Oct 16, 2023 | Sold | ||
| Sold | |||
| Jun 29, 2023 | Listed by Your Choice Real Estate Serv | $365,000 | |
| Listed by Your Choice Real Estate Serv | |||
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Located in Algonquin's Royal Hill subdivision this ranch home features 3 bedrooms and 2 full baths on the main floor with a full finished 1750 square foot basement. Basement features a huge rec room area, an additional full bath, 4th bedroom and bonus room that can be used as an office or 5th bedroom. 2 separate storage areas. New carpet throughout the home and all rooms freshly painted. Hardwoods in the foyer, kitchen, family room, and 2 bedrooms. Brick fireplace in the family room. The kitchen opens to the eat in area and family room. Separate living and dining area with sliders that open to a new patio and large yard. Vaulted ceilings with skylight. Large front door double entry/foyer features a large guest closet. Front porch area has an overhang and room to sit and relax. First floor laundry. Great schools and minutes to the Randall Road corridor and all its restaurants, shopping and services. Easy access to I90 and major roads. Move in and enjoy!
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| Apr 28, 2023 | Sold | ||
| Sold | |||
| Mar 30, 2023 | Listed by Your Choice Real Estate Serv | $234,900 | |
| Listed by Your Choice Real Estate Serv | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017