9700 Meadow 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 15, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | Listed by Keller Williams NO. Collin Cty | $409,990 | |
| Listed by Keller Williams NO. Collin Cty | |||
| Sep 21, 2024 | No longer available | - | |
| No longer available | |||
| Sep 14, 2024 | Price Decreased |
$409,990
↓ $20K
(4.7%) | |
| Price Decreased | |||
| Apr 20, 2024 | Listed by Keller Williams NO. Collin Cty | $430,000 | |
| Listed by Keller Williams NO. Collin Cty | |||
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Amazing, newly renovated property! The combination of a spacious home with two master bedrooms, a large fenced backyard, and proximity to a lake with a boat ramp makes it incredibly attractive, both as a home and as a short-term rental. The amenities like the fire pit, volleyball net, hot tub, and covered porch create fantastic opportunities for relaxation and entertainment. The fact that it's fully furnished adds even more appeal. Not having a sign at the house might add to the privacy and exclusivity of the property. Overall, it seems like a dream home and getaway spot!
Motivated seller!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017