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Map
227 ROSEMONT Drive
About This Property
The previous residence has already been demolished, the lot has been leveled, and all utilities are already at the property line, saving valuable time and development costs. Even better, there is no HOA. Also included is an impressive approximately 2,000 sq. ft garage/workshop/storage building with refrigerated air, a rare bonus that adds immediate functionality and value.
Opportunities like this are very hard to find, especially with this size, location, and level of preparation already completed. Secure your future homesite 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 |
|---|---|---|---|
| Jul 30, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 13, 2026 | Listed by Home Pros Real Estate Group | $575,000 | |
| Listed by Home Pros Real Estate Group | |||
| Sep 22, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Listed by Keller Williams Realty | $310,000 | |
| Listed by Keller Williams Realty | |||
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Discover the potential in this 3-bedroom, 2-bath home featuring solar panels and refrigerated air, located in an amazing area near El Paso Country Club. The main house includes an additional workshop for hobbies or storage. A back casita with an open-concept design adds versatility, complete with its own attached workshop, garage, and carport, perfect for guests, extended family, or creative space. While the property offers incredible opportunity, it does need significant work, including repair to the front porch, making it ideal for buyers ready to bring their vision to life. Appointment required for all showings, no exceptions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017