2305 Phillips Road
About This Property
This cozy 3-bedroom, 1-bathroom ranch is packed with potential! While it could use some updates to match your style, it's move-in ready and equipped with everything you need-including a washer and dryer. Whether you're looking for a starter home, rental investment, or fixer-upper, this property is a fantastic opportunity.
Located in a great area, Lithonia High School is right across the street, and you're just minutes from shopping, dining, and essential amenities. With its convenient location and solid structure, this home is ready for its next owner to make it shine!
Don't miss out-schedule a showing today!
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 |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Price Decreased |
$135,500
↓ $18K
(11.7%) | |
| Price Decreased | |||
| May 25, 2025 | Relisted | $153,500 | |
| Relisted | |||
| Feb 11, 2025 | Listed by Norluxe Realty Midtown LLC | $140,500 | |
| Listed by Norluxe Realty Midtown LLC | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017