1405 Piute
About This Property
This 3-bedroom, 2-bath home offers a rare opportunity to own a property with good bones and plenty of room to add value. While the house could benefit from cosmetic updates, the layout is functional, the structure is sound, and the potential is undeniable. Situated on an oversized lot, the property features a spacious yard and a screened-in patio, ideal for relaxing, entertaining, or enjoying desert evenings year-round. Inside, you'll find generously sized rooms and a traditional floor plan that lends itself well to thoughtful updates. Conveniently located near I-15, shopping, and restaurants, this home offers easy access for commuters while maintaining a neighborhood feel. An excellent choice for buyers looking to restore, refresh, and make a home truly their own.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Listed by Saravia Realty | $265,000 | |
| Listed by Saravia Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017