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Map
1732 Salem Drive
About This Property
This is a full-rehab project priced for investors. The home has been vacant and needs a complete renovation -- roof, electrical (existing Zinsco 125A panel), HVAC (~21-yr Lennox system), plumbing, kitchen, bath, flooring, and cosmetics throughout. Utilities were off at inspection, so all mechanical systems should be budgeted as replacements. A recent 4-point inspection is available on request.
Property highlights:
1,050 SF heated / 1,500 SF total, single-story0.18-acre lot in established Sunny Hills subdivisionBlock-stucco / T1-11 construction, composition shingle roofCentral heat + AC (systems present, replacement recommended)Carport + concrete pavingVacant and accessible for showings
Full 4-point inspection and rehab scope available to serious buyers. Bring your renovation budget and submit your offer today.
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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 25, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | Listed by Savvy Avenue LLC | $49,900 | |
| Listed by Savvy Avenue LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017