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15 Butternut Grove Place
About This Property
This well-maintained property is now vacant and ready for immediate occupancy, making it ideal for both primary residence buyers and investors. The home offers a functional layout, bright natural lighting, and comfortable living spaces throughout.
Recent turnover allows for a clean, refreshed presentation, giving buyers a true "ready-to-move-in" experience. The property features a spacious living area, well-sized bedrooms, and a practical kitchen layout suitable for everyday living.
Located in a quiet and established neighborhood with convenient access to major roads, shopping, dining, and schools. Whether you're looking for your next home or a solid investment opportunity, this property offers flexibility and strong value.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed by Walzel Properties - The Woodlands | $389,900 | |
| Listed by Walzel Properties - The Woodlands | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017