89 HUTCHINSON Lane
About This Property
communities. Two-story floorplan home has 4 bedrooms, upstairs loft, 2.5 bathrooms, and a 2 car garage. Owner's suite
downstairs with all other bedrooms and loft upstairs. Too many upgrades to list. Short term leaseback needed with a 60 day
vacate notice. Full irrigation system and professionally landscaped yard. Cash buyers only! Leaseback terms - no long term commitment, we will lease until sold out. We will give the buyers 60 days notice prior to vacating. DF responsible for conversion.
Dreams Finders to maintain property throughout lease term. In addition to monthly rent, DF will cover all HOA fees/property taxes.
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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%.
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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 12, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | Listed by WATSON REALTY CORP | $560,000 | |
| Listed by WATSON REALTY CORP | |||
| | |||
|
Beautiful former model home loaded w/ upgrades. This home has 4 bedrooms, 2.5 baths & an upstairs loft with wet bar. Custom features throughout this home along w/ tile and carpet. Family room w/ custom shiplap wall and decorative bookshelves is large and has triple pocket sliders that open to covered patio w/ gas hookup. Kitchen has 42'' cabinets, some soft close and granite counters and new, upgraded SS refrigerator. First floor owners suite w/custom accent wall, bath has double vanity and walk in shower w/ floor to ceiling decorative tile. All other bedrooms are upstairs along w/loft. Home is located in Beacon Lake w/ State of the Art Amenities. This home is a must see.
| |||
| Jun 30, 2021 | Sold | ||
| Sold | |||
| Jun 2, 2021 | Listed by DREAM FINDERS REALTY LLC | $479,990 | |
| Listed by DREAM FINDERS REALTY LLC | |||
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Last Updated: 7 months ago
Data Source: Real MLS, MLS# 1113244
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Address: 335 Madison Avenue, New York, NY 10017