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1243 JOHN PHELAN Drive
About This Property
Located in a highly desired neighborhood with easy access to I-10 and Loop 375, this home is perfect for commuters, growing families, or anyone with an active lifestyle. Plus, a park is just 1 block away, making outdoor fun and evening walks incredibly convenient.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$265,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| May 23, 2026 | Listed by Moreno Real Estate Group | $275,000 | |
| Listed by Moreno Real Estate Group | |||
| Mar 16, 2026 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017