1405 MASTERS Drive
About This Property
This DUPLEX offers 3 bedrooms 1.5 bathrooms on one side & on the other side 1 bedroom 1 bath. Make one side your HOME & RENT the other or RENT BOTH for market rate of $43K annually. You will love the private backyard and screened porch to enjoy all year around. The 3/1.5 unit has new LVP waterproof floors, fresh paint, brand-new stainless-steel appliances. The 1/1 unit has LVP throughout & is freshly painted. Everything is ready for you to move in or rent it out. Units each have their own meters. NO HOA & NOT in a FLOOD zone. Roof 2023. Transferrable Termite Bond.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/09/2025
| |
4 Bed
|
3 Bath
|
2145 ft²
|
$469,900
4 Bed
3 Bath
2145 ft²
|
$469,000
-0.19%
02/20/2025
|
LIANNE ANGELL
KARSTEN REAL ESTATE TEAM
|
|
08/31/2021
| |
4 Bed
|
2 Bath
|
2145 ft²
|
$349,000
4 Bed
2 Bath
2145 ft²
|
$349,000
11/24/2021
|
JASON BOATWRIGHT
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
|
|
02/28/2021
| |
4 Bed
|
2 Bath
|
2145 ft²
|
$299,500
4 Bed
2 Bath
2145 ft²
|
$267,500
-10.68%
04/09/2021
|
MARK HAYES
MOSS REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017