14182 Denise Drive
About This Property
Unit 1-BRAND ADU New Construction: Built in 2025, Detached from the Main House, 4BED / 2BATH, approx. 1,200SF, Attached 1-Car Garage. Market Rent: $3,900/month.
Unit 2-FULLY REMODELED Main House: Loaded with new upgrades: 3BED / 1BATH, approx. 1,028SF, 1-Car Carport. Current Rent: $3,200/Month.
Unit 3-STUDIO attached to the Main House: 1BED / 1BATH. Current Rent: $1,500/Month.
Both units have an open floor plan, modern cabinets & quartz countertop, high quality appliances, vinyl flooring, central A/C, recessed lighting, walk-in closets, washer/dryer hookups.
Separate Gas and Electric meters; tenants pay for all utilities. Maintenance will be hassle-free for the next 10+ years.
Perfect for first time homeowners looking to live in one unit and rent out the other two units. Ideal choice for 1031-exchange opportunity, homeowners and investors. Don't miss this profitable opportunity!
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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 |
|---|---|---|---|
| Apr 9, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | Listed by NRI Group | $1,575,000 | |
| Listed by NRI Group | |||
| Feb 23, 2024 | No longer available | - | |
| No longer available | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Feb 11, 2024 | Relisted | $799,000 | |
| Relisted | |||
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About Westminster
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$5,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017