8 Apple Lane
About This Property
Discover the charm of rural living with this 3-bedroom, 1-bath home offering 1,172 sq ft of space on a beautiful 0.46-acre parcel. Built in 1955, the home sits on a private road with a shared driveway and features a park-like setting with mature trees and open space-ideal for relaxing, gardening, or simply enjoying the outdoors.
With a little TLC, this home is the perfect opportunity for investors, flippers, or buyers looking to build equity and bring their vision to life. Utilities include a private well and septic system. Whether you're seeking a weekend retreat or a full-time residence, this property offers peace, privacy, and tons of potential. Just a short drive to local amenities-don't miss this chance to make it your own!
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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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Listed by Houlihan Lawrence Inc. | $310,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017