11860 Malecon Place
About This Property
The Arkansas is a single-story home offering 4 bedrooms, 2 baths, and 1,841 sq. ft. of open and comfortable living space. The spacious living area flows seamlessly into the kitchen and dining areas, creating a bright open-concept layout with high ceilings. The kitchen features an island, granite countertops, tile backsplash, stainless steel appliances, pantry, and cabinetry with crown molding. The primary suite includes a large walk-in closet and a private bathroom. Ceramic tile extends throughout the living areas and baths, with carpet in the bedrooms for added comfort. Additional highlights include central refrigerated air. Photos are for demonstration purposes and may not reflect the actual home.
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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 |
|---|---|---|---|
| Sep 5, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by Better Homes and Gardens Real Estate Elevate | $302,950 | |
| Listed by Better Homes and Gardens Real Estate Elevate | |||
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Price/ft²
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About El Paso
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$2,500 /mo
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$1,650 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017