1321 RUSTIC AVENUE
About This Property
The upper unit features 2 bedrooms, a full bathroom, a kitchen, and its own laundry area. Downstairs, the lower unit which is set up as the first floor and the basement also includes 2 bedrooms, 2 full baths, a separate kitchen, and its own laundry facilities, along with a convenient walkout basement for easy outdoor access.
This home comes equipped with two separate meters, making it ideal for rental income or multi-generational living. Recent updates include a brand-new roof, fresh siding, and a newly paved driveway. Plus, there's a handy shed for extra storage and the property sits on a quiet street, offering a peaceful retreat while still being close to all local amenities. Property is being sold as is.
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Dec 8, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Price Decreased |
$309,900
↓ $15K
(4.7%) | |
| Price Decreased | |||
| Nov 5, 2025 | Listed by HomeSmart | $325,000 | |
| Listed by HomeSmart | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017