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1645 VELVET LEAF LANE
About This Property
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Why pay new-construction prices when you can have a nearly new home with owned solar panels that keep your electric bill low? Built in 2023 and priced to move, this 4BR/3BA home in sought-after Two Rivers is ready now.
Easy main-level living: Three bedrooms and two full baths on one floor. The chef's kitchen has KitchenAid stainless appliances, a cooktop, and double wall ovens. You also get hardwood floors and a front-load laundry. Step out to the screened porch for morning coffee or evening entertaining.
A walkout lower level that does it all: A fourth bedroom and full bath make a perfect guest suite. The flexible finished space works as a rec room, home office, or gym. An insulated unfinished area adds storage.
The smart stuff: Solar panels (installed 2024, owned, not leased), Carrier HVAC, a Rheem water heater, a sump pump, natural gas, and an attached garage with driveway parking.
Resort-style community: A clubhouse, pool, fitness center, playgrounds, and social events. HOA services may include common-area, road, and lawn maintenance. You're minutes from shopping, dining, and major commuter routes.
Nearly new, low utility costs, and an unbeatable price. Schedule your showing today!
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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 12, 2026 | Price Decreased |
$785,000
↓ $25K
(3.1%) | |
| Price Decreased | |||
| Sep 30, 2026 | Price Decreased |
$810,000
↓ $25K
(3%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $835,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017