8724 Lake Meadows Lane
About This Property
Step into a generous open floor plan, graced with new carpet throughout, laminate flooring and a wood-burning fireplace. This warm and cozy home adds a fresh feel with recently painted exterior brick complimenting a charming backyard set with lush trees and a dynamic fire pit for entertaining.
The home is ideal for those who cherish the outdoors. Relish your walk to the neighborhood jogging and bike trails, catch and release fishing, picnic and BBQ areas, playground, and the tranquil pond. This area is a perfect neighborhood for families and is perfect for anyone seeking the essence of suburban living. NEW ROOF to be replaced prior to CLOSING!!
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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 |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jul 30, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Price Decreased |
$305,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Jul 14, 2024 | Price Decreased |
$310,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
| Jul 7, 2024 | Price Decreased |
$314,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017