86 Lake Dr
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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by Weichert Realtors, Wayne | $575,000 | |
| Listed by Weichert Realtors, Wayne | |||
| | |||
|
For info and showings call Reiley Phelan 201-951-4877. There is something mesmerizing about a home that is truly a blank slate. Here is the last lakefront Packanack property of its kind. Don't miss your opportunity to breathe life into this charming 3 bedroom, 2 and a half bath cape cod with an incredible family room consumed in unobstructed lake views. Walk out of your full unfinished basement with full bath, into your gorgeous level yard that is full of potential. Home also offers a formal living room, 1st floor office, attached 1 car garage with interior access, and central air. Packanack Lake is truly quintessential 1 stop shop living with 2 Beaches, Ball Fields, Tennis & Pickleball Courts, 9-Hole Golf Course, 2 Club Houses hosting events year round (also rentable), Sports & Clubs for a variety of interests & all ages! Highly walkable 2.5 mile lake! Come see what all the fuss is about!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017