8 Michael Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 1, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2021 | Listed by Kody & Company, Inc. | $629,900 | |
| Listed by Kody & Company, Inc. | |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Aug 22, 2018 | Listed | $475,000 | |
| Listed | |||
| | |||
|
Lovely custom cape at the end of a cul-de-sac in a small sub-division.This wonderfully maintained home has 8 rooms, 3 bedrooms, 2.5 baths and almost 2,500 sq. ft. of living space. The large kitchen features granite counter tops, custom cabinets, center island and dining area. The living room features a fireplace and custom shelving & cabinets. It also has the convenience of a 1st floor laundry closet. The open concept living room, kitchen and dining area is great for entertaining. The family room above the garage makes a great place to sit and read, meditate, listen to music, watch TV or entertain.There are 3 bedrooms, 2 baths and new hardwood flooring on the 2nd floor Recent improvements include a new heating system, central air, hot water heater, high powered dehumidifier and roof! The house is powered by a 200 amp electric service with a back up generator hook up. The back yard is tranquil and private. You can sit out on the large deck and relax after a hard day or have a cookout. The manager has listed the unit size as 2497 square feet.
| |||
| Jul 31, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017