8 Fairview Lane
About This Property
In need of renovation, this house is an open canvas for a personalized touch or a lucrative rehab project. We welcome all offers and envision a multitude of possibilities for this home's future. Additional Information: ParkingFeatures:1 Car Attached,
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by Joyce Realty Corp | $549,000 | |
| Listed by Joyce Realty Corp | |||
| | |||
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Welcome to 8 Fairview, a residence poised for transformation in a suburban area. The two-story home offers a fireplace, hardwood flooring, three bedrooms, two baths, and an expansive unfinished basement ideal for tailoring to your needs. Located in the South Orangetown School District, it holds great promise for families or investors. In need of renovation, this house is an open canvas for a personalized touch or a lucrative rehab project. We welcome all offers and envision a multitude of possibilities for this home's future.
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| Aug 29, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017