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2509 Galbreth Road
About This Property
The main house measures approx. 1,275sf. and offers a spacious living room w/ fireplace along with beautifully refinished hardwood floors and a dining area with direct access to the rear yard. The updated kitchen offers a breakfast nook in addition to newer wood cabinets, granite counters, and built-in stainless-steel appliances. Other amenities offered are a large and private rear yard, an outdoor laundry area, a new central air & heat system, updated windows, copper plumbing, new electrical service panel and new interior/exterior paint.
The guest house measures approx. 600sf. and is located at the rear of the property and offers a separate entrance to the property. In addition, the guest house offers an eat-in kitchen, a family room, a separate bedroom, indoor laundry hook-ups, copper plumbing, and recently replaced roof. The property also offers separate covered parking for each home.
This unique setup is ideal for extended family. Property may qualify for the CA. Accessory Dwelling Unit program. Buyer(s) to satisfy themselves on all permits, measurements, and use. Conveniently located near local shops, transportation, and local schools.
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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 10, 2019 | Sold | ||
| Sold | |||
| Aug 12, 2019 | Listed by Deasy Penner Podley | $858,500 | |
| Listed by Deasy Penner Podley | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017