2490 VIOLET Way
About This Property
Situated on 6.6 acres backing to Jennings Forest, this property offers privacy, functionality, and versatility. This home features a metal roof, partially updated LVP flooring, and fresh interior paint. The open floor plan includes a spacious kitchen with white cabinetry, a large breakfast bar, and stainless-steel appliances. Has a stone fireplace which makes it perfect for a cozy night by the fire. Each bedroom has its own bathroom located close to rooms, plus a bonus room ideal for an office or den.
The property includes a 1,200 sq ft detached metal workshop (2016) with electric and roll-up doors, additional garage space, and room for trucks, trailers, and equipment. Outdoor features include RV/boat parking with lift-ready setup, a 3-stall barn, chicken coop, and pig pen. Covered back deck with hot tub and greenhouse. No HOA!
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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 |
|---|---|---|---|
| Jun 4, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Price Decreased |
$539,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Apr 1, 2026 | Price Decreased |
$549,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Mar 19, 2026 | Price Decreased |
$559,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017