1407 Royal Drive
About This Property
Enjoy outdoor living in the large backyard, complete with a back patio awning added in 2021-ideal for relaxing or entertaining. The backyard also includes a storage shed with electricity, offering endless possibilities as a workshop, home office, man cave, or hobby space.
Recent updates include luxury vinyl plank flooring in the bedrooms (2023) and spray foam insulation added to the attic in 2023 for improved energy efficiency. Royal Drive is currently undergoing city improvements, upgraded sewer and water lines have been completed, with new sidewalks and a newly paved road coming soon. pouring of new curb and side walk started on jan.13.2025
This home is move-in ready and full of potential-don't miss the opportunity to make it yours!
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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%.
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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 27, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by TX Lake & Land Real Estate | $245,000 | |
| Listed by TX Lake & Land Real Estate | |||
| Nov 24, 2020 | Sold | ||
| Sold | |||
| Sep 4, 2020 | Listed by Blake Phillips | $189,900 | |
| Listed by Blake Phillips | |||
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Buyer's Financing fell through. BACK ON MARKET! This 3 bedroom, 2 full bathroom home has nearly 2,000 square feet and has been meticulously updated to 2020 standards with fresh paint, new carpeting, bathrooms, laminate hardwood floors, granite countertops, toilets, stainless steel appliances and more. Converted garage is a wonderful extra living area or could be a home business of some kind. Foundation repairs done and comes with lifetime warranty. New plumbing under house. Owner will carry first note for qualified buyers. Check out the front porch! Back patio is getting new slate tile next week for a wonderful outdoor entertaining area.
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About Kaufman
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Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21154340
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017