253 Vernon Drive
About This Property
The left side of the home features 2 bedrooms and a full bathroom, while the primary suite is privately situated at the back for added privacy and comfort. Flooring throughout consists of a mix of carpet, tile, concrete, and new laminate in select areas. The HVAC system, both inside and outside units, was replaced in 2023 for reliable year-round comfort.
Outside, the property offers a covered patio, a level backyard, and fencing with 8-ft panels on one side and 6-ft panels on the other, creating a private outdoor setting. Added conveniences include a large doggy door leading to the backyard and a small dog or cat door in the laundry room.
While the home is move-in ready, it does need some light updating and TLC, including paint, flooring, and minor repairs. The owner began installing LVP flooring, and a previous owner started an unpermitted attic room. The garage wall also needs some attention, though the home's solid foundation and overall structure remain sound. With its versatile layout, open kitchen-to-family room flow, and dependable construction, this home presents a great opportunity for buyers looking to personalize and create their ideal living space.
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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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Price Decreased |
$284,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by Watters International Realty | $289,000 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017