9 Lancewood Way
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%.
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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 |
|---|---|---|---|
| Sep 15, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $799,900 | |
| Listed | |||
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Flexible floorplan best describes this wonderful University Park Village 4-bedroom home offering a fantastic opportunity for a traditional 4-bedroom 3-bath home, rental income with it's own private entrance or multigenerational living home with two master bedrooms. With one master bedroom downstairs with a private glass slider to the back yard from the original floor plan and then there is the permitted addition that is a huge second master with it's french doors to a private balcony, large walk-in closet it's own spacious bathroom and even a convenient mini kitchen area with a sink and mini fridge space. The entire home has been recently painted and all the bedrooms and upstairs have just been re-carpeted with a nice neutral colors. The entry, living room, dining room and hallway are done with a light wood laminate. This particular model has a courtyard off the main living area and kitchen that is a fantastic option for a private outdoor coffee/reading area, a way to expand the kitchen or even add an office/den. Flexibility is the key when life has it's changes...as it always does. There is a nice size back yard with a large deck for patio furniture and entertaining. The associate has 4 pools, 2 tennis courts, volleyball court, tot lots and wonderful walking/biking areas so you can enjoy the great outdoors. Excellent schools are super close by and there is easy access to the freeways and shopping. This is a wonderful place to call home and a must see for any extended family! The manager has listed the unit size as 2002 square feet.
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| Aug 10, 2017 | Listed by ListWell Realty | $799,900 | |
| Listed by ListWell Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017