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9218 Rowan Lane
About This Property
Recent updates include sewer line replacement to city connection 2022, cleaned and re-insulated air ducts with new registers 2022, backyard drainage with four catch basins 2018, and re-piped water lines with new water heater 2015.
Conveniently located near major highways, shopping centers, dining options, hospitals, and Arthur Storey Park just 2 miles away. Bus access available on Bellaire and Gessner.
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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 15, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Listed by HomeSmart | $299,000 | |
| Listed by HomeSmart | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017