23 DEVONSHIRE PLACE
About This Property
The property currently generates $1,700 per month in rental income, providing immediate cash flow from day one. With steady demand for rentals in the area, this home is well-suited for investors looking to expand their holdings with a performing asset.
The owner is in the process of selling his rental portfolio, creating a rare opportunity for buyers to purchase multiple properties together. Investors interested in acquiring several rentals may be able to secure additional discounts when buying as a bundle.
Whether you're a first-time investor or looking to grow your portfolio, this income-producing property offers strong potential in a stable rental market.
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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 |
|---|---|---|---|
| May 26, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Listed by EXP Realty, LLC | $200,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017