79 Park Road
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 3, 2022 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 21, 2022 | In contract | - | |
| In contract | |||
| Sep 14, 2022 | Listed by RE/MAX 360 | $369,900 | |
| Listed by RE/MAX 360 | |||
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Amazing Opportunity, welcome to 79 Park Road, Lynn! Located steps from Lynn Woods Reservation & Lynn Woods Elementary School, this charming Bungalow style home is perfectly situated on a 5,000 SqFt level lot, nestled into this wonderful neighborhood. This home has 1 full bath, kitchen, living / family room & bedroom on the first level. The lower level is finished space with laundry, custom closet & access to rear yard. Home has a poured concrete foundation, updated water main, updated electrical, gas, newer roof. Interior last renovated approx. 10 years ago. Owner has not lived in the property for approx. 8 years. Home needs cosmetic work. Being sold, in as is condition. Home is perfect as a downsize, starter, condo alternative or could be expanded / developer ready. Rare opportunity at this price point. Any and all offers will be due by Monday at 8pm. Please allow up to 24 hours for response.
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| Jun 5, 2006 | Sold | ||
| Sold | |||
| Dec 21, 2005 | Listed | $249,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017