1216 5th Avenue
About This Property
Welcome to this beautifully remodeled 2 bedroom, 1 bath single family home, offering 1,196 sq ft of modern comfort and convenience. Ideally located just minutes from schools, the hospital, downtown dining, and shopping, this home is perfect for first-time buyers or small families seeking style and functionality. Step inside to discover a fresh, contemporary interior featuring luxury vinyl flooring, updated paint, modern fixtures, and ceiling fans throughout. The redesigned kitchen and living spaces are bright and inviting, while the spacious, fully tiled walk-in shower adds a touch of spa like luxury to the bathroom. Enjoy outdoor living in the large backyard, complete with mature trees, peach trees in the front yard, covered storage sheds, a separate shaded pen for pets, and a dedicated storage room. A two car covered carport adds convenience and protection for your vehicles. This home has been thoughtfully updated to meet all lending requirements and is ready for its new owner to move in with peace of mind.
Don't miss this opportunity to own a fully renovated gem in a prime location...schedule your showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 18, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Aug 10, 2025 | Price Decreased |
$115,000
↓ $15K
(11.5%) | |
| Price Decreased | |||
| Jul 2, 2025 | Listed by Ranch Realty of Texas | $129,900 | |
| Listed by Ranch Realty of Texas | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017