Lot 8 Cardinal 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 |
|---|---|---|---|
| Jan 18, 2005 | Sold | ||
| Sold | |||
| May 23, 2004 | Listed by RE/MAX Distinct Advantage | $715,000 | |
| Listed by RE/MAX Distinct Advantage | |||
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NORTH NEW CONTEMPORARY COLONIAL! HEAT/AC IS 2-ZONE HYDRO-AIR PRIVATE LOT OFF CUL-DE-SAC ADJACENT TO NEW MORE EXPENSIVE SUBDIVISION. LARGE MASTER WHIRLPOOL MASTER SUITE. HOME CAN HAVE EITHER 5 BEDRMS OR 4 BEDRMS PLUS TWO-STORY FOYER. CALL FOR PLANS AND DETAILS. TIME FOR YOUR CHOICES!
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