197 Briar Patch Road
About This Property
Downstairs features two bedrooms, a cozy den, and a full bathroom - perfect for guests or a home office. A glassed-in sunroom offers natural light, ideal for nurturing plants and enjoying the outdoors year-round. The screened porch off the kitchen is perfect for outdoor dining, surrounded by lush, mature landscaping. Located at the end of the neighborhood, bordering NCAT property, this home offers enhanced privacy.
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Aug 2, 2025 | Price Decreased |
$550,000
↓ $9K
(1.6%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed by Keller Williams Great Smokies | $559,000 | |
| Listed by Keller Williams Great Smokies | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017