261 Malvern DRIVE
About This Property
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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 |
|---|---|---|---|
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Dec 14, 2024 | Listed | $339,900 | |
| Listed | |||
| | |||
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Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to the best neighborhood in Venice! Check out this amazing 2 bedroom 2 bathroom home in the highly sought after Venice East! Before you step inside check out the BRAND NEW ROOF that WAS JUST INSTALLED DECEMBER 2024! Step inside to worry free living and a clean slate to add all your personal touches and decor. This home has so much natural light it will be sure to put a smile on your face the minute you walk through the door. The whole house was repiped with new water lines, new water heater, and new flooring bedrooms in November 2023. The AC was replaced in 2022 ensuring peace of mind for years to come! Need space to spread out? This home has 2 living spaces, huge screened lanai AND a separate dining area off the kitchen. The garage is squeaky clean with a washer and dryer and extra storage space. Step back outside to the large backyard with PLENTY of room to add that vision board pool! Venice East is known for smiling faces driving around on golf carts, county water and sewer and NO HOA fees! But wait there is more! Venice East is only a few short miles from the brand new downtown Wellen Park and Braves Spring Training Stadium! Let's get you in this home just in time for Spring Training tickets to go on Sale. Contact your agent today and lets get you a showing.
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| May 25, 2022 | Sold | ||
| Sold | |||
| Apr 15, 2022 | Listed by COLDWELL BANKER REALTY | $299,900 | |
| Listed by COLDWELL BANKER REALTY | |||
| Dec 31, 2009 | Sold | ||
| Sold | |||
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About Venice East
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017