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17 Derick Drive
About This Property
This impressive Raised Ranch is a perfect blend of comfort and versatility. Whether you're seeking extra space or a legal accessory apartment to generate income, this home offers both in abundance. The accessory apartment is generously sized, welcoming, and full of charm. The main house boasts four bedrooms upstairs and a large finished basement, providing ample room for an office, media room, crafting area, or any flexible space you need. Enjoy tranquil views from the living room that bring a sense of peace and relaxation. The thoughtful layout includes a spacious primary bedroom separated from a second primary suite and two additional bedrooms, ensuring privacy for multi-generational living. The large backyard is ideal for BBQs, celebrations, and outdoor fun, accompanied by plenty of parking space. Located in a commuter-friendly area close to Routes 9 and 84, this lovely home provides convenient access to restaurants, shopping, banking, and all essentials just minutes from your door. Solar panels are leased.
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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 |
|---|---|---|---|
| Sep 2, 2026 | Sold | ||
| Sold | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Listed by Houlihan Lawrence Inc. | $650,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017