1616 Franandel Drive
About This Property
Recent renovations include updated flooring throughout, a remodeled kitchen and laundry area, and refreshed bathrooms, along with an added third bedroom to enhance the layout. The home also features new siding and a HVAC system installed in 2023, offering added peace of mind.
The cleared backyard provides ample space for outdoor living, gardening, or future additions such as a workshop or pool. With no HOA and convenient access to local shops, dining, and Main Street.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$200,000
↓ $10K
(4.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$209,900
↓ $10K
(4.6%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$219,900
↓ $5K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017