1407 Newmark Drive
About This Property
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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 21, 2026 | Sold | ||
| Sold | |||
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Listed by Keller Williams Realty The Woodlands | $260,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| May 29, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | Listed by Keller Williams Realty The Woodlands | $150,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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This inviting home features a well-designed layout, ideal for both first-time buyers and investors seeking a rental property. Enjoy tile flooring in all the main living areas, offering durability and easy maintenance. The newly remodeled kitchen and bathrooms provide a modern touch with modern finishes and fixtures. The property also boasts a lovely fenced backyard. Conveniently located near schools, parks, and shopping centers, this home offers the best of suburban living. Don’t miss out on this incredible opportunity! Call today!
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Property Highlights
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About Cranbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017