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1316 BACKUS Street
About This Property
4-Bedrooms + Flexible Bonus Room | 3 Bathrooms
Amazing open-concept with lots of natural light.
The spacious common area features recessed lighting, brand-new lighting fixtures, and ceiling fans in every room. Ceramic tile, new double-pane windows, a cozy fireplace, and refrigerated air
The beautifully renovated bathrooms offer a fresh, modern feel, while the gorgeous kitchen is sure to impress with elegant quartz countertops and brand-new SMART stainless-steel appliances.
One of the home's most versatile features is the additional room with its own independent entrance. Use it as a guest bedroom, home office, art studio, gym, or explore its potential as a rental-income space. The possibilities are endless!
The property also offers lots of convenient parking space in the front, providing plenty of room for multiple vehicles--perfect for homeowners who need extra parking for family& friends.
And the location is unbeatable!!
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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 26, 2026 | Price Decreased |
$376,500
↓ $9K
(2.2%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by ERA Sellers & Buyers Real Esta | $385,000 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by ERA Sellers & Buyers Real Esta | $220,000 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
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Location, Location, LOCATION! Welcome to this Cielo Vista Park classic; a single-story brick beauty ready for its next chapter. With 5 bedrooms, 3 bathrooms, and over 2,000 sq. ft. of living space, this home offers the layout and square footage today's buyers crave, just waiting to be refreshed and reimagined. Inside, you'll find generous living areas with room to spread out, entertain, or create the ultimate cozy retreat. Whether you're dreaming of modern updates or restoring its original charm, the possibilities here are endless. And the location? Hard to beat. Just minutes from neighborhood parks, The Fountains at Farah, Cielo Vista Mall, popular dining spots, major medical centers, and only blocks from I-10 for easy commuting. Opportunity, space, and an unbeatable address, this is your chance to bring the vision to life.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017