2537 Broadway Drive
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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 |
|---|---|---|---|
| Jun 21, 2022 | Sold | ||
| Sold | |||
| May 19, 2022 | Listed by RE/MAX Trinity | $625,000 | |
| Listed by RE/MAX Trinity | |||
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Fabulous open and bright SINGLE STORY home in The Highlands of Trophy Club. The impressive living space is created by a warm, welcoming interior and incorporates a separate dining room and a good-sized living room. The floorplan offers split bedrooms with a study. The dining room could be used as a second office. The relaxing outdoors offers an oversized flagstone patio to unwind on. Located near the city's dog park and Trophy Club Park there are great opportunities for outdoor activities. Located in a sought-after school district. New tankless hot water heater installed 05-2021 and new HVAC system installed 03-2022. This home checks all the boxes.
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| Mar 27, 2020 | Sold | ||
| Sold | |||
| Feb 27, 2020 | Listed by Randy White Real Estate Svcs | $414,900 | |
| Listed by Randy White Real Estate Svcs | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017