1438 Edisons Bright Way
About This Property
On the right side of the lot, you'll find a charming 1-bedroom, 1-bathroom tiny home that offers immediate living or rental potential while you plan your next steps. Whether you envision building your dream home from the ground up or placing a new mobile home on the site, this property is ready for action.
The lot retains the essential infrastructure for convenience and ease-previous septic and well systems are still in place, making this a true plug-and-play opportunity. Embrace the possibilities of this versatile space and create a lifestyle tailored to your needs!
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Relisted | $85,000 | |
| Relisted | |||
| Dec 30, 2024 | In contract | - | |
| In contract | |||
| Dec 6, 2024 | Listed by The Finer Homes Group | $85,000 | |
| Listed by The Finer Homes Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017