8 Michaels 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 |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Mar 17, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2023 | Listed by BHHS Hudson Valley Properties | $695,500 | |
| Listed by BHHS Hudson Valley Properties | |||
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This beautiful four-bedroom colonial is nestled amidst mature trees and landscaping located in the prestigious neighborhood of Vista Ridge. The striking entrance foyer with cathedral ceilings greets you and flows into the spacious formal living room with bay windows. Adjacent to the foyer is an inviting office/music room. The elegant formal dining room opens into the gourmet kitchen with an abundance of cabinets and counter space to delight any level of cook. You will enjoy the custom cabinetry, beautiful granite countertops, and a pantry offering additional storage. The kitchen opens into the family room, which boasts a beautiful marble and oak fireplace that will be a favorite spot to gather around. The large windows and custom blinds offer natural light throughout the home. Gleaming hardwood floors on the first floor and peaceful cream carpeting on the second floor. The spacious master bedroom suite includes a jacuzzi tub to relax in. All the bathrooms have ceramic tiles and double vanity sinks. Additional features include a laundry room located on the first floor, a boiler replaced in 2019, a water softener and purification system for the entire home installed in 2022, two-zone heating, A/C, an oversized walkout basement, and abundant storage. Minutes from TSP. This meticulously maintained home is one you will fall in love with. Come view this home today and become part of Dutchess County and all that it has to offer. 24-hour notice, please.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017