9 (Lot 5) Monarch 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 |
|---|---|---|---|
| Oct 30, 2019 | Sold | ||
| Sold | |||
| Feb 10, 2019 | Listed by Coldwell Banker Realty - Andover | $1,562,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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SPECTACULAR NEW CONSTRUCTION in south Andover's newest subdivision, Monarch Woods! This magnificent home on the cul-de-sac will feature 4,600 SF of above grade living area, a one of a kind eat-in kitchen with commercial grade stainless appliances, 11’ center island, granite counters, and a separate breakfast room, large formal living and dining rooms with abundant millwork, a first floor family room with 2-sided fireplace, and an enormous fireplaced great room. Upstairs there are 4 bedrooms and 3 full baths, including a breathtaking master suite with fireplace, walk-in tile shower, custom glass enclosure, two separate vanities, a free-standing soaking tub, and a huge walk-in closet. Additional amenities include a second floor laundry room, 3 zones of forced air heat and central AC, lawn irrigation, professional landscaping, and an oversized 3 car garage. Construction to begin soon. Can be delivered in the fall of 2019.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017