1561 CORNELL Road
About This Property
This stunning property has been thoughtfully updated to provide peace of mind and comfort. Key highlights include a new roof (2022), HVAC (2023), Irrigation system (2023), Septic (2019), Refrigerator (2023) and dishwasher (2024) the upgrades enhance both functionality and style. Don't miss the opportunity to enjoy a move-in ready home that combines contemporary amenities with classic charm. Location: Feet away is New Rose Creek - enjoy kayaking over to Bird Island. Located just minutes away from the picturesque San Marcos, you'll enjoy the vibrant community with an array of dining, shopping, and recreational options. Explore parks, cultural events, or take a short drive to beautiful scenic spots like Riverside.
This well-loved home offers a blend of nostalgia and comfort, making it the perfect place to create lasting memories.
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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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Price Decreased |
$435,000
↓ $40K
(8.4%) | |
| Price Decreased | |||
| Sep 9, 2025 | Relisted | $474,900 | |
| Relisted | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017