2311 Hewitt Drive
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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%.
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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 21, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by Compass RE Texas, LLC | $449,750 | |
| Listed by Compass RE Texas, LLC | |||
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AWESOME URBAN VIBE complements this modern ranch Oak Forest home. Previous owner completed updates late 2019: raised slope ceiling in the new kitchen complete with a large island with quartz countertops, custom cabinets, recessed & pendant lighting, stainless appliances, gas range with convection oven complimented by a dry bar area with wine fridge. The front room is being used as a TV room, but can easily be a study, playroom or 4th bedroom. Large dining and living room complete the common areas. Oversized utility room includes stackable full sized washer/dryer, bike rack, a large sink and tons of storage plus a door to the side yard. Three bedrooms provide the home owner with options all complimented by an updated bath. The current owner has just completed screening the 31 by 12 foot porch to create a mosquito free outdoor living oasis. The back yard shed is a bonus (yoga, play house, etc). Never flooded ! Floor plan & updates posted. See it today !
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| Feb 11, 2020 | Sold | ||
| Sold | |||
| Nov 15, 2019 | Listed by Martha Turner Sotheby's | $429,000 | |
| Listed by Martha Turner Sotheby's | |||
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A porcelain tiled front porch welcomes you to this Modern Ranch renovation in Oak Forest! 3 Bedrooms/1 bath. Study/Playroom (could be 4th BR). The open floor plan features a remodeled kitchen with sloped ceiling, large island, custom cabinets, Quartz countertops, Subway tile backsplash, and recessed & pendant lighting. LG SS appliances incl. gas range, dishwasher & 3-door refrigerator. The adjacent bar has a wine cooler. Remodeled bath includes tub/shower with full height subway tile, Carrara marble vanity, framed mirror, and porcelain tile flooring. Spacious utility room has an oversized sink, room for stacked or side by side washer/dryer or second refrigerator and door to backyard. Double pane windows, high efficiency HVAC and all ductwork replaced, double full glass doors to backyard, refinished hardwood floors, recent light fixtures, and fresh paint inside and outside. Double wide drive-way. Never Flooded!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017