1203 Sewanee Drive
About This Property
Built in the 1950's, this property offers timeless colonial-style curb appeal with a gabled roofline, symmetrical windows, and a centered entry that creates a classic, balanced exterior. The extended front patio provides a great space for outdoor seating or entertaining.
Inside, you'll find high ceilings that enhance the sense of space, along with a living room featuring a traditional mantle and a formal dining area that flows into the kitchen.
The kitchen is equipped to accommodate either gas or electric appliances, offering flexibility for future upgrades.
The home includes two well-sized bedrooms, each with closet space and comfortable layouts.
This property presents a strong investment opportunity, requiring updates and cosmetic improvements to reach its full potential.
Ideal for a fix-and-flip project or a long-term rental hold.
Property is being sold as-is. Buyers are encouraged to review the seller's disclosure and perform their own due diligence, including evaluating after-repair value (ARV).
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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 |
|---|---|---|---|
| May 24, 2026 | Listed by Arise Capital Real Estate | $97,900 | |
| Listed by Arise Capital Real Estate | |||
| Mar 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 21, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Sep 26, 2025 | Relisted | $89,900 | |
| Relisted | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017