207 Wafer Street
About This Property
total living area 1651 SF (per seller) Primary House 1387 sf (three bedrooms two full baths) plus Detached Guest House 264 sf (one bedroom and one full bathroom)
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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 |
|---|---|---|---|
| Apr 17, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 23, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 22, 2026 | Listed by Refuge Group Properties | $229,000 | |
| Listed by Refuge Group Properties | |||
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Discover the perfect blend of comfort and opportunity with this charming 3-bedroom, 2-bath home featuring a brand-new central AC system (2024). What truly sets this property apart is the detached studio with a full bath—ideal for guest stays, rental income, or a home business. Located just 20 minutes from downtown Houston, this gem offers easy access to the city with the added bonus of versatile living. A must-see for homeowners and investors alike!
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| Oct 25, 2025 | Price Decreased |
$229,900
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Jun 21, 2025 | Price Decreased |
$235,000
↓ $5K
(2%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017