229 Serpens ST
About This Property
The home features an open-concept design, allowing for seamless flow between the kitchen, dining, and living areas. Natural light fills the space, enhancing the warm and inviting atmosphere. Morningstar is a sought-after neighborhood known for its friendly community atmosphere, excellent schools, and convenient access to shopping, dining, and recreational opportunities.
Step outside to a tranquil backyard oasis that backs to a lush greenbelt, creating a park-like setting. The home's backyard opens up to a park, providing a picturesque view and easy access to outdoor activities. Just a short walk from the house, you'll find a fishing pond and trails equipped with exercise stations, perfect for morning jogs or evening strolls. The trail entrance is conveniently accessible, making it easy to enjoy the neighborhood's natural beauty.
This home is ready for its new owners!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Price Decreased |
$349,000
↓ $16K
(4.4%) | |
| Price Decreased | |||
| Jul 17, 2024 | Listed by Keller Williams Realty | $365,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017