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20122 Candleflame Court
About This Property
The main home features an inviting and functional floor plan with high ceilings, a formal living and dining area, and a comfortable family room with a fireplace. The well-appointed kitchen includes stainless steel appliances, a dishwasher, gas range, and oven. Laminate wood flooring runs throughout the main living areas, while the kitchen and bathrooms feature durable tile flooring.
Recent improvements include a remodeled primary bathroom, fresh interior paint, new front-yard landscaping, and new backyard concrete, providing a clean and refreshed living environment.
A standout feature of this property is the separate 4-bedroom, 4-bath add-on, which includes a new kitchen area and a private bathroom for each bedroom. Offering exceptional versatility and income potential, this additional living space is ideal for extended family, guests, or rental use and currently generates approximately $5,000 per month in rental income.
The expansive backyard provides plenty of room for entertaining, relaxing, and outdoor activities. Conveniently located near local schools, shopping, dining, and other amenities, this property presents a rare opportunity to enjoy comfortable family living while benefiting from substantial additional income potential.
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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%.
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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.
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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 | Listed by Coldwell Banker Tri-Counties R | $1,698,000 | |
| Listed by Coldwell Banker Tri-Counties R | |||
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Oct 31, 2025 | Listed by Coldwell Banker Tri-Counties R | $1,698,000 | |
| Listed by Coldwell Banker Tri-Counties R | |||
| | |||
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Nestled in the serene neighborhood of Walnut. 20122 Candleflame Court offers a spacious and comfortable living experience. This single-family home features 4 bedrooms and 2 bathrooms, encompassing approximately 2,012 square feet of living space for the main house on a generous 10,585 Sqft. There is also a 4-bedroom add-on. Each bedroom has its own bathroom—perfect for rent income or guest accommodations.
Brand new paint for the main house, there are stainless steel appliances, including a dishwasher, gas stove, and oven in the kitchen. Open Living Spaces: An inviting formal living room and dining room with high ceilings, providing a bright and airy atmosphere. Cozy Family Room: Features a fireplace, perfect for relaxation and gatherings. Flooring: laminate wood flooring throughout the home, with tile flooring in the kitchen and bathrooms.? Outdoor Space: A spacious backyard offering ample room for outdoor activities and potential landscaping projects.
For the Add-on House. New kitchen area. 4 bedroom with its own bathroom. Steady rental income at about $5,000/month.
Conveniently located, this home is within close proximity to local schools.
This property presents an excellent opportunity for families seeking a comfortable and well-appointed home at the same time can generate rental income in the desirable Walnut location.
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| May 15, 2025 | Price Decreased |
$1,698,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017