7640 LAKE DRIVE
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 |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Mar 16, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed | $345,000 | |
| Listed | |||
| | |||
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**Seller tis having new carpet installed on Monday** Don't miss this opportunity in Venice on the Bay! Enjoy a community beach, boat ramp, and Bay access. This corner-lot home sits across from Hines Pond and features a brand new roof and solar panels (solar panels to be paid off by the Seller and transferred at closing). The updated kitchen boasts white shaker cabinets, granite counters, and stainless steel appliances. Other upgrades include newer flooring, lighting, oil furnace, oil tank, water heater, and a basement drain tile system with a sump pump. Inside, original craftsman-style trim adds character. The home offers 2 bedrooms, 2 full baths, a living room, a dining room, and a den that can be used as a 3rd bedroom. Outside, enjoy a fenced yard, paved parking for multiple vehicles/RV/boat, a storage shed, and a second shed with electricity—perfect for a workshop! Don't wait!
| |||
| Mar 10, 2025 | Price Decreased |
$345,000
↓ $14K
(3.9%) | |
| Price Decreased | |||
| Feb 26, 2025 | Price Decreased |
$359,000
↓ $16K
(4.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017